---
title: "Financials slump amid sector rotation into technology; Wells Fargo, Morgan Stanley in week's losers"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/300201649.md"
description: "Wall Street advanced as AI-driven capital expenditure fueled sector rotation into technology, causing financials to slump. Meta's Muse AI agent sparked disruption fears, pressuring banks and insurers like Wells Fargo and Morgan Stanley. Conversely, tech ETFs rose. Citi gained on new product launches, while Pershing Square announced a share repurchase program. Broader market movements included Bitcoin declines due to economic data and various mid/small-cap fluctuations driven by AI sentiment and M&A rumors."
datetime: "2026-09-26T14:14:58.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/300201649.md)
  - [en](https://longbridge.com/en/news/300201649.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/300201649.md)
generator: "portal-rs"
---

# Financials slump amid sector rotation into technology; Wells Fargo, Morgan Stanley in week's losers


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## Related News & Research

- [Citigroup bets on Meta's Muse as AI's 'front door to the internet'](https://longbridge.com/en/news/301044421.md)
- [The Netherlands considers banning Meta AI glasses as some retailers pull them from shelves](https://longbridge.com/en/news/300831617.md)
- [The Most Powerful Women in Banking Women to Watch, #11, Kara McShane, Wells Fargo](https://longbridge.com/en/news/300673311.md)
- [Morgan Stanley (MS) Projected to Release Quarterly Earnings on Wednesday](https://longbridge.com/en/news/301102942.md)
- [Wells Fargo & Company (NYSE:WFC) Stock Sale Disclosed by Rep. Michael A. Rulli](https://longbridge.com/en/news/300995016.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**