Sector Update: Financial

Last Updated: Tuesday, December 7, 2021 3:42 PM | MT Newswires

Financial stocks were finishing near their Tuesday peaks this afternoon, with the NYSE Financial Index rising 2.0% while the SPDR Financial Select Sector ETF (XLF) was ahead 1.5%. The Philadelphia Housing Index also was climbing 0.7% and the SPDR Real Estate Select Sector ETF (XLRE) was up 1.4%. In company news, Expensify (EXFY) added nearly 15% this afternoon, easing slightly from its 18.4% peak earlier Tuesday that followed analysts at least six brokerages beginning coverage of the enterprise spending management company with largely positive stock ratings and aggressive price targets.

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