Sector Update: Financial

Last Updated: Monday, September 20, 2021 4:29 PM | MT Newswires

Financial stocks finished lower Monday amid worries over debt woes at China Evergrande Group, with the NYSE Financial Index dropping 2.4% while the SPDR Financial Select Sector ETF (XLF) lost 2.3%. The Philadelphia Housing Index fell 2.1%, and the SPDR Real Estate Select Sector ETF (XLRE) was down 0.7%. In company news, Brookfield Asset Management (BAM) has boosted its bid offer for Australian energy group AusNet to A$2.50 ($1.81) per share in cash. The stock was 3% lower at close.

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