Sector Update: Financial

Last Updated: Tuesday, December 6, 2022 3:41 PM | MT Newswires

Financial stocks continue to trade lower late Tuesday, with the NYSE Financial Index sliding 1.4% while the SPDR Financial Select Sector ETF (XLF) was off 1.1%.

The Philadelphia Housing Index also was dropping 1.6% and the SPDR Real Estate Select Sector ETF (XLRE) was slipping by 1.0%.

In company news, Saratoga Investment (SAR) fell 2.1% after the commercial lender late Monday priced a $52.5 million public offering of 8.125% unsecured notes maturing in December 2027.

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