Sector Update: Financial

Tuesday, May 4, 2021 1:07 PM | MT Newswires

Financial stocks were narrowly mixed in afternoon trading, with the NYSE Financial Index dropping 0.3% while the SPDR Financial Select Sector ETF was ahead 0.3%. The Philadelphia Housing Index also was climbing 0.4% and the SPDR Real Estate Select Sector ETF was down 0.7%. In company news, The Bancorp (TBBK) raced 9.8% higher after S&P Dow Jones Indices said the bank holding company would join the S&P SmallCap 600 Index on Friday, May 7.

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