Sector Update: Financial

MT Newswires Live11-13 01:58

Financial stocks fell in Thursday afternoon trading with the NYSE Financial Index declining 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) easing 0.1%.

The Philadelphia Housing Index dropped 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was little changed, paring earlier losses.

Bitcoin (BTC-USD) fell 3.5% to $71,870, and the yield for 10-year US Treasuries rose 10 basis points to 5.10%.

In corporate news, Hancock Whitney (HWC) has agreed to buy Trustmark (TRMK) in an all-stock deal valued at about $3.2 billion, creating a combined regional bank in the US Gulf South with about $58 billion in assets. Hancock shares fell 9.7%, while Trustmark jumped 6.2%.

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