Sector Update: Financial

Last Updated: Tuesday, August 9, 2022 3:31 PM | MT Newswires

Financial stocks were narrowly mixed late in afternoon trading, with the NYSE Financial Index slipping 0.2% and the SPDR Financial Select Sector ETF (XLF) ahead 0.3%. The Philadelphia Housing Index was dropping 2.3% and the SPDR Real Estate Select Sector ETF (XLRE) was ahead 0.7%. In company news, Nuvei (NVEI) tumbled over 20% after reporting Q2 revenue lagging both its prior projections and Wall Street expectations and the Canadian payments platform also cutting its FY22 revenue and non-GAAP EBITDA forecasts.

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