Sector Update: Financial Stocks Edge Higher Pre-Bell Wednesday

MT Newswires Live

Mar 19, 2025

Financial stocks were edging higher pre-bell Wednesday with the Financial Select Sector SPDR Fund (XLF) recently advancing by 0.1%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.2% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.2%.

Morgan Stanley (MS) plans to lay off about 2,000 employees, or 2% to 3% of its workforce, later this month, multiple news outlets reported Tuesday, citing people familiar with the matter. Morgan Stanley shares were up 0.1% pre-bell Wednesday.

A consortium consisting of BlackRock (BLK), Allianz, and T&D Holdings will acquire Viridium Group from Cinven for 3.5 billion euros ($3.82 billion), Allianz said Wednesday in a news release. BlackRock shares rose 0.3%.

Walker & Dunlop (WD) arranged a $253 million construction loan for the development of the Pendry Nashville and Pendry Residences Nashville, a 30-story hotel condominium tower in Nashville, Tennessee. The company's shares rose 0.8%.

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Morgan Stanley shares were up 0.1% pre-bell Wednesday.</p><p>A consortium consisting of BlackRock (BLK), Allianz, and T&amp;D Holdings will acquire Viridium Group from Cinven for 3.5 billion euros ($3.82 billion), Allianz said Wednesday in a news release. BlackRock shares rose 0.3%.</p><p>Walker &amp; Dunlop (WD) arranged a $253 million construction loan for the development of the Pendry Nashville and Pendry Residences Nashville, a 30-story hotel condominium tower in Nashville, Tennessee. The company's shares rose 0.8%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1989772840.SGD","symbol_name":"CPR Invest - Climate Action A2 Acc SGD-H","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2520182830","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2520182830","pubTimestamp":1742389098,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Morgan Stanley shares were up 0.1% pre-bell Wednesday.A consortium consisting of BlackRock (BLK), Allianz, and T&D Holdings will acquire Viridium Group from Cinven for 3.5 billion euros ($3.82 billion), Allianz said Wednesday in a news release. BlackRock shares rose 0.3%.Walker & Dunlop (WD) arranged a $253 million construction loan for the development of the Pendry Nashville and Pendry Residences Nashville, a 30-story hotel condominium tower in Nashville, Tennessee. The company's shares rose 0.8%.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}