Sector Update: Financial

Last Updated: Wednesday, September 21, 2022 3:44 PM | MT Newswires

Financial stocks turned broadly lower during in afternoon trading, with the NYSE Financial Index dropping 1% while the SPDR Financial Select Sector ETF (XLF) was off 1.5%. The Philadelphia Housing Index was sinking 0.6% and the SPDR Real Estate Select Sector ETF (XLRE) was slipping 1.1%.

In company news, Seven Hills Realty Trust (SEVN) was hanging on for a 0.2% gain after Wednesday naming Tiffany Sy to be its chief financial officer, succeeding Douglas Lanois when the incumbent CFO steps down on Oct. 1.

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