US brokerage stocks fall

After Altruist launched AI-driven tax planning functions on the Hazel platform, the stocks of US brokerage firms fell. Stifel Financial's stock price fell by 6.8%, Raymond James Financial Group's stock price fell by 7.7%, and Ameriprise Financial Group's stock price fell by 6.3%. Janney Montgomery Scott's stock price fell by 6.3%, Interactive Brokers' stock price fell by 1.7%, and LPL Financial's stock price fell by 7.6%.