Sector Update: Financial

MT Newswires Live10-15

Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index falling 1% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.8%.

The Philadelphia Housing Index dropped 1.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.8%.

Bitcoin (BTC-USD) was declining 1.6% to $81,749, and the yield for 10-year US Treasuries decreased 3 basis points to 5.19%.

In corporate news, State Street (STT) shares were down 4.7% after the financial services company's updated full-year fee revenue outlook trailed Wall Street's expectations, while its Q3 top-line missed market views.

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