Sector Update: Financial

Last Updated: Friday, November 26, 2021 12:42 PM | MT Newswires

Financial stocks were sliding ahead of Friday's early market close, with the NYSE Financial Index dropping 3.6% while the SPDR Financial Select Sector ETF (XLF) was off 2.9%. The Philadelphia Housing Index also was falling 1.8% and the SPDR Real Estate Select Sector ETF (XLRE) was down 2.0%. In company news, CVB Financial (CVBF) declined 4.9% after the bank holding company late Wednesday said the Federal Deposit Insurance Corp and California regulators have approved its proposed acquisition of OTC-listed Suncrest Bank (SBKK).

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