financetom
Market
financetom
/
Market
/
Sector Update: Financial Stocks Edge Higher Late Afternoon
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Financial Stocks Edge Higher Late Afternoon
Aug 29, 2024 2:04 AM

03:42 PM EDT, 08/26/2024 (MT Newswires) -- Financial stocks were slightly higher in late Monday afternoon trading, with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund (XLF) adding 0.2%.

The Philadelphia Housing Index shed 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) was little changed.

Bitcoin (BTC-USD) fell 1.4% to $63,627, and the yield for 10-year US Treasuries rose 1.1 basis point to 3.82%.

In economic news, new orders for durable goods jumped 9.9% in July following a 6.9% drop in June, ahead of estimates compiled by Bloomberg for a 5% increase.

The Dallas Fed's monthly manufacturing index improved to minus 9.7 in August from minus 17.5 in July, compared with expectations for an improvement to minus 16 in a survey compiled by Bloomberg.

In corporate news, Goldman Sachs ( GS ) agreed to a $20 million settlement in a case that accused the bank and three other entities of colluding on the prices of platinum and palladium, according to a court document. Goldman shares fell 0.4%.

Enova International ( ENVA ) shares declined 2.5% after Janney downgraded its rating to neutral from buy.

MoneyLion ( ML ) shares rose 11% after the company said Monday that its board approved the repurchase of up to $20 million of the company's outstanding class A shares.

Prestige Wealth ( PWM ) shares surged past 72% after the company said Friday that it agreed to buy SPW Global for $4.5 million.

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 >
Social Buzz: Wallstreetbets Stocks Mostly Lower Premarket Friday; Dell Technologies, AST SpaceMobile Decline
Social Buzz: Wallstreetbets Stocks Mostly Lower Premarket Friday; Dell Technologies, AST SpaceMobile Decline
May 31, 2024
07:13 AM EDT, 05/31/2024 (MT Newswires) -- The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly lower hours before Friday's opening bell. Dell Technologies ( DELL ) shares were 16.4% lower premarket, sinking further after a 5.2% drop in the previous session. Dell Technologies ( DELL ) reported fiscal Q1 non-GAAP earnings of $1.27 per diluted share, down from...
Cirrus Logic, Texas Roadhouse And 2 Other Stocks Insiders Are Selling
Cirrus Logic, Texas Roadhouse And 2 Other Stocks Insiders Are Selling
May 31, 2024
The Nasdaq 100 closed lower by over 1% on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment...
GEE Group And 2 Other Stocks Under $3 Insiders Are Buying
GEE Group And 2 Other Stocks Under $3 Insiders Are Buying
May 31, 2024
The Dow Jones index closed lower by over 300 points on Thursday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny...
US STOCKS-Futures down ahead of key inflation data
US STOCKS-Futures down ahead of key inflation data
May 31, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * US PCE data due at 8:30 am ET * Dell plunges after lower current-quarter profit forecasts * Salesforce ( CRM ) slips in premarket trading * Trump Media & Technology Group ( DJT ) falls after Trump conviction *...
Copyright 2023-2026 - www.financetom.com All Rights Reserved