Sector Update: Financial Stocks Rise Late Afternoon-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Sector Update: Financial Stocks Rise Late Afternoon

MT Newswires Live10-29

Financial stocks advanced in late Monday afternoon trading with the NYSE Financial Index rising 1.1% and the Financial Select Sector SPDR Fund (XLF) gaining 1.2%.

The Philadelphia Housing Index added 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.4%.

Bitcoin (BTC-USD) increased 2.7% to $69,785, and the yield for 10-year US Treasuries rose 4.6 basis points to 4.278%.

In corporate news, Alphabet's (GOOG) Google Cloud and Citigroup (C) entered into a multiyear agreement to modernize the bank's technology infrastructure. Citigroup shares jumped 4%, and Alphabet rose 1%.

Porch (PRCH) shares surged 67% after the company said Monday the Texas Department of Insurance approved its application to form and license a new insurance reciprocal exchange.

StoneX (SNEX) jumped 5.6% after the company said it has opened new offices in Pune and Bengaluru, India, with a total available space of 800 seats.

Robinhood (HOOD) shares rose 3.5% after the company said its Robinhood Derivatives unit has launched presidential election event contracts that allow customers to trade on the results of the Nov. 5 election.

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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