CNBC Daily Open: Financial firms wobble on AI threats and disappointing U.S. retail sales

Mădălin Mihai

Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today What can't artificial intelligence claim to do nowadays? Tech platform Altruist announced Tuesday a tool to help users carry out tax planning — an act, as everyone knows, more complex than quantum physics — within "minutes." Financial stocks wobbled on those claims as investors feared AI tools could replace — or at least lower the value of established advisory firms and banking names. LPL Financial lost 8.3%,