Sector Update: Financial Stocks Softer Tuesday Afternoon

MT Newswires Live
03-19

Financial stocks were decreasing in Tuesday afternoon trading, with the NYSE Financial Index easing 0.2% and the Financial Select Sector SPDR Fund (XLF) off 0.3%.

The Philadelphia Housing Index was shedding 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) fell 0.5%.

Bitcoin (BTC-USD) was declining 3% to $81,590, and the yield for 10-year US Treasuries was dropping 3 basis points to 4.28%.

In economic news, US industrial production rose by 0.7% in February, compared with expectations for a smaller 0.2% increase in a survey compiled by Bloomberg, and following a downwardly revised 0.3% increase in January.

In corporate news, Nasdaq (NDAQ) said Tuesday it plans to open a new regional headquarters in Dallas to serve clients in Texas and the Southeast region. Nasdaq shares rose 0.5%.

FinVolution (FINV) shares rose 17% after it reported overnight higher Q4 adjusted earnings and net revenue from a year earlier and issued better-than-expected full-year 2025 revenue guidance.

Flywire (FLYW) said Tuesday that Haman, an inbound tour operator in Scandinavia, has selected the company as the exclusive international payments partner for two of Haman's brands, Authentic Scandinavia and Authentic Europe. Flywire shares were down 0.2%.

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