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Add as a preferred source on GoogleFinancial ETF Gains 0.68% as Bank and Insurer Shares Diverge
XLF rose as Globe Life, FirstCash Holdings and HSBC shares fell, while First Citizens Bancshares, Blackstone and UWM Holdings advanced.
The State Street Financial Sel Sec SPDR ETF (XLF) rose 0.68%, while financial shares moved in opposite directions and Wall Street ended the week mixed.
Globe Life and FirstCash Holdings shares fell after earnings reports. First Citizens Bancshares, Blackstone and UWM Holdings advanced after results or guidance. HSBC shares also declined.
Technology-sector struggles coincided with a sharp rise in volatility. Investors also assessed Consumer Price Index data and recent bank earnings.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.