Sector Update: Financial Stocks Mixed in Afternoon Trading

MT Newswires Live03-31

Financial stocks were mixed in Monday afternoon trading, with the NYSE Financial Index fractionally lower and the Financial Select Sector SPDR Fund (XLF) up 0.4%.

The Philadelphia Housing Index eased 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 0.4%.

Bitcoin (BTC-USD) was increasing 0.5% to $83,763, and the yield for 10-year US Treasuries was shedding 1 basis point to 4.24%.

In economic news, the Institute for Supply Management's Chicago PMI reading rose to 47.6 in March from 45.5 in February, higher than the expected 45 print in a survey compiled by Bloomberg but still indicating contraction in the sector.

In corporate news, Rocket (RKT) said Monday it agreed to buy Mr. Cooper (COOP) in an all-stock deal valued at $9.4 billion. Rocket shares fell nearly 10%, while Mr. Cooper jumped more than 13%.

LPL Financial (LPLA) will buy wealth management firm Commonwealth Financial Network in a $2.7 billion deal that will expand LPL's advisory staff. LPL shares were down past 2%.

Brookfield Asset Management (BAM) is nearing a deal to acquire Colonial Pipeline, the United States' largest fuel transportation system, for over $9 billion, including debt, Reuters reported. Brookfield shares fell 1.2%.

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Brookfield shares fell 1.2%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4229","symbol_name":"商业和住宅抵押贷款融资","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2524497328","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524497328","pubTimestamp":1743444080,"columns":[],"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. 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