Sector Update: Financial Stocks Decline Wednesday Afternoon

MT Newswires Live06-27

Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index down 0.6% and the Financial Select Sector SPDR Fund (XLF) off 0.8%.

The Philadelphia Housing Index was easing 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.2%.

Bitcoin (BTC-USD) was declining 1.6% to $60,822, and the yield for 10-year US Treasuries was rising 7 basis points to 4.30%.

In economic news, US new-home sales plunged to a 619,000 annual rate in May from an upwardly revised 698,000 rate in April, below the 633,000 rate expected in a survey compiled by Bloomberg.

In corporate news, Interactive Brokers (IBKR) said Wednesday that it took a nearly $48 million loss due to an "unspecified technical issue" at the New York Stock Exchange on June 3. The company said it doesn't expect the losses to have a material impact on its financials. Its shares were edging up 0.1%.

Mizuho Financial (MFG) has received a license from Saudi Arabia's Ministry of Investment to establish its regional headquarters in the country's capital, Riyadh, Bloomberg reported. Mizuho shares were falling 0.9%.

Reliance Global (RELI) said its board has authorized a 1-for-17 reverse stock split of its shares to regain compliance with the $1 minimum bid price rule for continued listing on Nasdaq. Its shares tumbled 28%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2446119743?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-06-27 01:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2446119743","market":"sg","top_or_hot":-1,"title":"Sector Update: Financial Stocks Decline Wednesday Afternoon","media":"MT Newswires Live","content":"<html><body><p> Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index down 0.6% and the Financial Select Sector SPDR Fund (XLF) off 0.8%.</p><p>The Philadelphia Housing Index was easing 0.2%, and the <a href=\"https://laohu8.com/S/XLRE\">Real Estate Select Sector SPDR Fund</a> (XLRE) was down 0.2%.</p><p>Bitcoin (BTC-USD) was declining 1.6% to $60,822, and the yield for 10-year US Treasuries was rising 7 basis points to 4.30%.</p><p>In economic news, US new-home sales plunged to a 619,000 annual rate in May from an upwardly revised 698,000 rate in April, below the 633,000 rate expected in a survey compiled by Bloomberg.</p><p>In corporate news, Interactive Brokers (IBKR) said Wednesday that it took a nearly $48 million loss due to an \"unspecified technical issue\" at the New York Stock Exchange on June 3. The company said it doesn't expect the losses to have a material impact on its financials. Its shares were edging up 0.1%.</p><p>Mizuho Financial (MFG) has received a license from Saudi Arabia's Ministry of Investment to establish its regional headquarters in the country's capital, Riyadh, Bloomberg reported. Mizuho shares were falling 0.9%.</p><p>Reliance Global (RELI) said its board has authorized a 1-for-17 reverse stock split of its shares to regain compliance with the $1 minimum bid price rule for continued listing on Nasdaq. Its shares tumbled 28%.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sector Update: Financial Stocks Decline Wednesday Afternoon</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSector Update: Financial Stocks Decline Wednesday Afternoon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-27 01:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index down 0.6% and the Financial Select Sector SPDR Fund (XLF) off 0.8%.The Philadelphia Housing Index was ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2446119743","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2446119743","pubTimestamp":1719423923,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index down 0.6% and the Financial Select Sector SPDR Fund (XLF) off 0.8%.The Philadelphia Housing Index was eas","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","XLRE":"Real Estate Select Sector SPDR Fund","RELI":"Reliance Global Group, Inc.","LU0971096721.USD":"富达环球金融服务 A","BK4588":"碎股","MFG":"瑞穗金融","BK7062":"资产管理与托管银行","IBKR":"盈透证券","MFG.AU":"MAGELLAN FINANCIAL GROUP LTD","BK4173":"保险经纪商","BK4207":"综合性银行","BK4127":"投资银行业与经纪业","XLF":"金融ETF"},"translate_title":"行业更新：金融股周三下午下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MFG.AU":1,"XLF":1,"XLRE":1,"IBKR":0.9,"MFG":0.9,"RELI":0.9},"content_text":"Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index down 0.6% and the Financial Select Sector SPDR Fund (XLF) off 0.8%.The Philadelphia Housing Index was easing 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.2%.Bitcoin (BTC-USD) was declining 1.6% to $60,822, and the yield for 10-year US Treasuries was rising 7 basis points to 4.30%.In economic news, US new-home sales plunged to a 619,000 annual rate in May from an upwardly revised 698,000 rate in April, below the 633,000 rate expected in a survey compiled by Bloomberg.In corporate news, Interactive Brokers (IBKR) said Wednesday that it took a nearly $48 million loss due to an \"unspecified technical issue\" at the New York Stock Exchange on June 3. The company said it doesn't expect the losses to have a material impact on its financials. Its shares were edging up 0.1%.Mizuho Financial (MFG) has received a license from Saudi Arabia's Ministry of Investment to establish its regional headquarters in the country's capital, Riyadh, Bloomberg reported. Mizuho shares were falling 0.9%.Reliance Global (RELI) said its board has authorized a 1-for-17 reverse stock split of its shares to regain compliance with the $1 minimum bid price rule for continued listing on Nasdaq. Its shares tumbled 28%.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2446119743"}