Sector Update: Financial

MT Newswires Live05-27 01:32

Financial stocks were mixed in Tuesday afternoon trading, with the NYSE Financial Index rising 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) decreasing 0.2%.

The Philadelphia Housing Index was climbing 1.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) increased 0.4%.

Bitcoin (BTC-USD) was falling 1.4% to $76,197, and the yield for 10-year US Treasuries was dropping 5.6 basis points to 4.502%.

In corporate news, Webster Financial (WBS) shareholders have accepted the $12 billion takeover proposal from Banco Santander (SAN), Bloomberg reported Tuesday, citing the company's extraordinary shareholder meeting. Webster shares rose 0.9%, and Santander gained 2.6%.

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.

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