S&P 500 Edges Up as Financials Offset Software Slump Amid AI Fears

• Wall Street saw marginal gains with S&P 500 rising 0.1%, Nasdaq Composite 0.14%, and Dow Jones 0.07%.
• Financial stocks like Citigroup and JPMorgan gained, offsetting a continued decline in software shares.
• Software companies including ServiceNow, Autodesk, and Salesforce fell amid fears of AI disruption.
• Investors are grappling with the evolving impact of AI, leading to market volatility and concerns about long-term business resilience.
• Upcoming economic data includes Federal Reserve minutes and the PCE inflation report, crucial for interest rate direction.