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S&P 500 Slumps as Citi Cuts Equity Risk on AI Growth and Yield Fears

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The Story

News Summary

  • Citigroup shifted to neutral on U.S.
  • equities, warning that AI safety concerns, rising Treasury yields, and surging oil prices threaten corporate earnings growth.
  • With futures pointing lower and seasonal headwinds looming, strategists expect the S&P 500 to remain range-bound in the near term.
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