financetom
Market
financetom
/
Market
/
Sector Update: Financial Stocks Mixed Late Afternoon
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Financial Stocks Mixed Late Afternoon
Mar 20, 2025 12:59 PM

03:44 PM EDT, 03/20/2025 (MT Newswires) -- Financial stocks were mixed in late Thursday afternoon trading, with the NYSE Financial Index fractionally lower and the Financial Select Sector SPDR Fund (XLF) up 0.3%.

The Philadelphia Housing Index was up 0.1%, while the Real Estate Select Sector SPDR Fund (XLRE) was down 0.2%.

Bitcoin (BTC-USD) fell 3.1% to $84,203, and the yield for 10-year US Treasuries declined two basis points to 4.23%.

In economic news, US initial jobless claims rose to 223,000 in the week ended March 15 from an upwardly revised 221,000 in the previous week, below expectations for 224,000 in a survey of analysts compiled by Bloomberg.

In corporate news, BlackRock ( BLK ) is seeking to expand its retail-focused products, including exchange-traded funds in Europe, as part of a strategy to attract a new generation of investors, Chief Product Officer Stephen Cohen told Reuters in an interview. BlackRock ( BLK ) shares were shedding 0.2%.

ProAssurance ( PRA ) shares surged 48% after it said late Wednesday that it agreed to be acquired by The Doctors Co. for about $1.3 billion.

Accenture ( ACN ) pointed to a potential slowdown in federal revenue as the Trump administration pushed to cut federal spending but still raised the midpoint of its full-year financial outlook. Its shares dropped past 7%.

Carlyle (CG) is seeking a buyer for SierraCol, its Colombian oil producer, for about $1.5 billion, Reuters reported. Carlyle shares rose 0.8%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
JPMorgan profit jumps on higher investment banking fees, accounting gain
JPMorgan profit jumps on higher investment banking fees, accounting gain
Jul 12, 2024
(Reuters) - JPMorgan Chase ( JPM ) reported a 25% rise in second-quarter profit on Friday, buoyed by rising investment banking fees and an accounting gain of about $8 billion from a share exchange deal with Visa. Wall Street banks have benefited from a resurgence in capital-raising activity in debt and equity markets. They are also seeing an uptick in...
Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Friday as Big Bank Earnings Kick Off Earnings Season
Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Friday as Big Bank Earnings Kick Off Earnings Season
Jul 12, 2024
08:31 AM EDT, 07/12/2024 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was up 0.1% and the actively traded Invesco QQQ Trust (QQQ) was 0.1% higher in Friday's premarket activity, as big bank earnings kicked off the earnings season ahead of more inflation data. US stock futures were mixed, with S&P 500...
Amazon.com, Nvidia And 2 Other Stocks Insiders Are Selling
Amazon.com, Nvidia And 2 Other Stocks Insiders Are Selling
Jul 12, 2024
The Nasdaq 100 closed lower by more than 2% on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an...
Big Bank Earnings in Focus as US Equity Futures Tread Water Pre-Bell
Big Bank Earnings in Focus as US Equity Futures Tread Water Pre-Bell
Jul 12, 2024
07:54 AM EDT, 07/12/2024 (MT Newswires) -- US equity futures were little changed premarket Friday as major bank earnings started pouring in. Dow Jones Industrial Average futures gained 0.1%, S&P 500 futures increased 0.03%, and Nasdaq futures slipped 0.1%. JPMorgan ( JPM ) and Wells Fargo ( WFC ) both posted Q2 earnings and revenue that surpassed Capital IQ analysts'...
Copyright 2023-2025 - www.financetom.com All Rights Reserved