On July 29, JPMorgan Chase declined 3.06% in regular trading, trading at $346.445/share, with turnover of $1.806 billion. The broader large-cap banking sector came under heavy pressure, with Citigroup down 3.6%, Wells Fargo down 3.12%, and Goldman Sachs down nearly 4%.

On the news front, a rapid selloff in AI stocks triggered a chain reaction across Wall Street. Goldman Sachs and JPMorgan Chase issued margin calls to multiple hedge funds, with some strategies posting their worst single-day losses since the COVID pandemic. Market deleveraging pressure surged sharply. JPMorgan's own market intelligence warned that unwinding pressure in AI, tech, and momentum stocks could spread from individual names to broader indices. Current position concentration has exceeded the peak of the dot-com bubble era.

Additionally, SK Hynix's weak earnings prompted investors to reassess AI infrastructure return-on-investment assumptions, raising concerns that valuation pressure may transmit to the financial sector. The upcoming Fed rate decision added further uncertainty, as bank stock valuations remain sensitive to shifts in interest rate path expectations.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)