Sector Update: Financial Stocks Mixed Tuesday Afternoon

MT Newswires Live
26 Feb

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

The Philadelphia Housing Index was climbing 2.3%, and the Real Estate Select Sector SPDR Fund (XLRE) added 1.2%.

Bitcoin (BTC-USD) fell 8.1% to $86,841 and the yield for 10-year US Treasuries was dropping 9 basis points to 4.30%.

In economic news, the Conference Board's measure of consumer confidence fell to 98.3 in February from 105.3 in January, a larger drop than the 102.5 expected in a survey compiled by Bloomberg.

In corporate news, Goosehead Insurance (GSHD) shares rose past 15%, a day after it posted Q4 adjusted earnings and revenue above analysts' expectations.

Blue Owl Capital (OWL) is exploring a sale of a portion of a fund that owns minority stakes in Clearlake Capital Group, I Squared Capital and Golub Capital, Bloomberg reported. Blue Owl Capital shares were falling 2.5%.

Blackstone (BX) and Omers are looking to offload multibillion-dollar health care services companies, putting them up for sale as they strive to return cash to investors, the Financial Times reported. Blackstone shares were down 0.5%.

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