Sector Update: Financial Stocks Decline Tuesday Afternoon

MT Newswires Live
03-12

Financial stocks fell in Tuesday afternoon trading with the NYSE Financial Index dropping 1.4% and the Financial Select Sector SPDR Fund (XLF) shedding 1.3%.

The Philadelphia Housing Index declined 2.1%, and the Real Estate Select Sector SPDR Fund (XLRE) losing 1.6%.

Bitcoin (BTC-USD) increased 3.2% to $81,283, and the yield for 10-year US Treasuries gained 1.5 basis points at 4.23%.

In economic news, President Donald Trump plans to double the tariffs to 50% on all steel and aluminum imports from Canada, starting Wednesday, in response to Ontario Premier Doug Ford's decision to slap a 25% surcharge on all electricity Ontario ships to the US.

Job openings rose to 7.74 million in January, according to the Bureau of Labor Statistics, above the 7.6 million expected in a survey compiled by Bloomberg and up from 7.508 million in December.

In corporate news, Remitly Global (RELY) shares face a 40% to 55% potential long-term downside risk, short seller Spruce Point Capital Management said. Remitly shares fell 1.5%.

Paymentus (PAY) shares jumped 21%, a day after the company reported higher Q4 non-GAAP earnings and revenue.

Robinhood (HOOD) said its funded customers rose to 25.6 million at the end of February, up 150,000 from the previous month. The stock rose 2%.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10