financetom
Market
financetom
/
Market
/
Sector Update: Financial Stocks Mixed Late Afternoon
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Financial Stocks Mixed Late Afternoon
Sep 2, 2024 4:06 AM

03:58 PM EDT, 08/28/2024 (MT Newswires) -- Financial stocks were mixed in late Wednesday afternoon trading, with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund (XLF) adding 0.2%.

The Philadelphia Housing Index fell 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.5%.

Bitcoin (BTC-USD) declined 4.6% to $59,217, and the yield for 10-year US Treasuries was little changed at 3.84%.

In corporate news, Terreno Realty ( TRNO ) shares retreated 2.2% after Wells Fargo downgraded the real estate company's stock to equalweight from overweight.

B. Riley Financial's ( RILY ) lenders have given the company additional time to file an overdue financial report, Bloomberg reported. B. Riley shares were falling 6.1%.

The US Securities and Exchange Commission has retreated from a plan to impose so-called swing pricing for mutual funds during periods of high redemptions in an apparent win for asset managers like BlackRock ( BLK ) and T. Rowe Price ( TROW ) , Bloomberg reported. BlackRock ( BLK ) shares added 0.4%, while T. Rowe was 0.2% lower.

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 >
Geopolitical Risks, Underwhelming Start to Bank Earnings Push US Indexes Lower
Geopolitical Risks, Underwhelming Start to Bank Earnings Push US Indexes Lower
Apr 12, 2024
12:39 PM EDT, 04/12/2024 (MT Newswires) -- US equity indexes and government bond yields fell in midday trading on Friday amid speculation Iran will launch a strike against Israel and as mega-cap bank earnings underwhelmed. The S&P 500 fell 0.9% to 5,150.5, with the Nasdaq Composite down 1.1% to 16,261.4 and the Dow Jones Industrial Average 0.8% lower at 38,162.9....
Sector Update: Financial
Sector Update: Financial
Apr 12, 2024
01:24 PM EDT, 04/12/2024 (MT Newswires) -- Financial stocks were falling in Friday afternoon trading, with the NYSE Financial Index shedding 1.4% and the Financial Select Sector SPDR Fund (XLF) off 1.3%. The Philadelphia Housing Index was down 0.3% and the Real Estate Select Sector SPDR Fund (XLRE) decreased 0.9%. Bitcoin (BTC-USD) was down 2.2% to $68,487, and the yield...
US STOCKS-S&P 500, Dow set for weekly losses as banks, megacaps fall
US STOCKS-S&P 500, Dow set for weekly losses as banks, megacaps fall
Apr 12, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * JPMorgan Chase ( JPM ) down after NII forecast miss * Citigroup ( C/PN ) eases after lower Q1 profit * Indexes down: Dow 0.94%, S&P 1.01%, Nasdaq 1.18% (Updated at 11:26 a.m. ET/ 1526 GMT) By Shashwat Chauhan...
Geopolitical Risks Weigh on Exchange-Traded Funds, US Equities
Geopolitical Risks Weigh on Exchange-Traded Funds, US Equities
Apr 12, 2024
12:56 PM EDT, 04/12/2024 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds, including IWM and IVV, were trading more than 1% lower. Actively traded Invesco QQQ Trust (QQQ) was down 1.7%. US equity indexes and government bond yields fell in midday trading on Friday amid speculation that Iran will launch a strike against Israel and as mega-cap bank earnings...
Copyright 2023-2025 - www.financetom.com All Rights Reserved