Sector Update: Financial

MT Newswires Live10-17 01:20

Financial stocks were mixed in Friday afternoon trading, with the NYSE Financial Index adding 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) shedding less than 0.1%.

The Philadelphia Housing Index was fractionally higher, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.1%.

Bitcoin (BTC-USD) was declining 1.2% to $81,099, and the yield for 10-year US Treasuries was rising 2.5 basis points to 5.11%.

In corporate news, Travelers' (TRV) Q3 earnings and net written premiums unexpectedly increased year over year, although the property and casualty insurer incurred higher catastrophe losses. Its shares rose 0.4%.

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