Sector Update: Financial

Friday, April 16, 2021 3:22 PM | MT Newswires

Financial stocks added to their modest advance in afternoon trading, with the NYSE Financial Index rising 0.5% while the SPDR Financial Select Sector ETF also was ahead 0.7%. The Philadelphia Housing Index was climbing 2.4% and the SPDR Real Estate Select Sector ETF was up 0.4%. In company news, Redwood Trust (RWT) rose fractionally after the specialty finance company Friday said it locked $4.6 billion of residential loans with 110 discrete sellers during Q1, up from $3.8 billion in housing loans and 90 sellers during the first three months of 2020.

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