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NASDAQ:LPLA 28 January 2026 - 11 February 2026

LPL Financial (LPLA) stock steadies premarket after 8% drop on Altruist AI tax-planning shock

LPL Financial (LPLA) stock steadies premarket after 8% drop on Altruist AI tax-planning shock

LPL Financial shares hovered near $360.60 in premarket trading Wednesday after plunging 8.3% Tuesday, as Altruist’s new AI tax-planning tool triggered a selloff in brokerage stocks. Raymond James, Charles Schwab, and Ameriprise also dropped sharply. Traders are watching for further declines. Altruist’s Hazel platform can now automate personalized tax strategies for advisers.
11 February 2026
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Charles Schwab stock price sinks about 7.5% as Altruist’s Hazel AI tax tool spooks brokers

Charles Schwab stock price sinks about 7.5% as Altruist’s Hazel AI tax tool spooks brokers

Charles Schwab shares fell 7.5% to $99.25 in after-hours trading Tuesday, following a broader selloff in brokerage stocks after Altruist launched AI-powered tax-planning tools. LPL Financial dropped 8.2%, Raymond James 8.8%, and Morgan Stanley 2.5%. Altruist’s Hazel platform can read tax documents and generate personalized strategies in minutes. Investors await Schwab’s January activity report, due Feb. 13.
10 February 2026
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Stock Market Today

  • Nifty 50 Index Forms Death Cross Amid Bajaj, Tata Motors, HDFC Share Declines
    March 20, 2026, 2:48 AM EDT. The Nifty 50 Index has formed a death cross, a bearish technical signal where the 50-day moving average crosses below the 200-day moving average, indicating potential further declines. The index fell to INR 22,940, down from a triple-top peak of INR 26,428 earlier this year. Technical indicators such as the Relative Strength Index (RSI) hit lows not seen since February, reinforcing the negative outlook. Indian equities face pressure amid rising inflation driven by the ongoing Iran war, which has elevated crude oil prices and disrupted supplies through the Strait of Hormuz. Rising inflation may prompt the Reserve Bank of India to hike interest rates, pushing bond yields higher. Key companies including Bajaj Finance, Tata Motors, and HDFC have seen shares plunge by over 15% in the past month. HDFC shares fell sharply after the chairman's resignation, and Tata Motors was hit by a large vehicle recall.
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