Sector Update: Financial

Last Updated: Thursday, August 11, 2022 3:35 PM | MT Newswires

Financial stocks were higher late in afternoon trading, with the NYSE Financial Index rising 0.4% and the SPDR Financial Select Sector ETF (XLF) ahead 1.1%. The Philadelphia Housing Index was climbing 0.8% although the SPDR Real Estate Select Sector ETF (XLRE) was falling 0.7%. In company news, Hut 8 Mining (HUT) climbed 9.6% after the cryptocurrency company reported a 30.7% increase in Q2 revenue over year-ago levels to CA$43.8 million.

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