Bank stocks such as Goldman Sachs and Morgan Stanley plunge due to AI concerns and uncertainty over the Federal Reserve decision

Glonghui, July 29｜Goldman Sachs and Morgan Stanley led the decline among major U.S. bank stocks on Wednesday, due to continued market concerns about artificial intelligence following SK Hynix's weak earnings, as well as uncertainty surrounding the Federal Reserve's rate decision to be announced later that day. In terms of individual stocks, Goldman Sachs fell as much as 4.2%; Morgan Stanley dropped 3.3%, Citigroup dropped 3.2%, and JPMorgan fell 2.4%.