financetom
Market
financetom
/
Market
/
Sector Update: Financial
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Financial
May 28, 2024 6:31 AM

09:08 AM EDT, 05/28/2024 (MT Newswires) -- Financial stocks were steady pre-bell Tuesday with the Financial Select Sector SPDR Fund (XLF) was flat recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.6% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.8%.

Futu Holdings ( FUTU ) shares were up over 2% after the company reported a higher Q1 revenue of 2.59 billion Hong Kong dollars ($330 million), from HK$2.50 billion a year earlier.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Financial
Sector Update: Financial
Apr 4, 2025
03:42 PM EDT, 04/04/2025 (MT Newswires) -- Financial stocks tumbled late Friday afternoon with the NYSE Financial Index dropping 6.2% and the Financial Select Sector SPDR Fund (XLF) declining 6.4%. The Philadelphia Housing Index rose 0.9%, and the Real Estate Select Sector SPDR Fund (XLRE) fell 3.4%. Bitcoin (BTC-USD) increased 1.3% to $84,251, and the yield for 10-year US Treasuries...
Sector Update: Consumer
Sector Update: Consumer
Apr 4, 2025
03:36 PM EDT, 04/04/2025 (MT Newswires) -- Consumer stocks fell late Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) dropping 3.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) declining 2.6%. In sector news, President Donald Trump's new tariffs could negatively impact demand and result in significant margin declines for discretionary retailers, Oppenheimer said. Building products...
Sector Update: Tech
Sector Update: Tech
Apr 4, 2025
03:41 PM EDT, 04/04/2025 (MT Newswires) -- Tech stocks were plunging late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) slumping 4.7% and the SPDR S&P Semiconductor ETF (XSD) tumbling 5.4%. The Philadelphia Semiconductor index fell 5.7%. In sector news, technology companies may be heading into dark days as President Donald Trump's new tariffs could reduce earnings by...
Sector Update: Energy
Sector Update: Energy
Apr 4, 2025
03:32 PM EDT, 04/04/2025 (MT Newswires) -- Energy stocks slumped late Friday afternoon with the NYSE Energy Sector Index falling 8.5% and the Energy Select Sector SPDR Fund (XLE) dropping 8.1%. The Philadelphia Oil Service Sector index plunged 12%, and the Dow Jones US Utilities index declined 4.8%. West Texas Intermediate crude oil fell 6.8% to $62.41 a barrel, and...
Copyright 2023-2025 - www.financetom.com All Rights Reserved