Sector Update: Financial

Last Updated: Friday, September 30, 2022 3:39 PM | MT Newswires

Financial stocks were trending lower late in Friday trading, with the NYSE Financial Index slipping 0.1% this afternoon and the SPDR Financial Select Sector ETF (XLF) falling 0.6%. The Philadelphia Housing Index was climbing 0.1% and the SPDR Real Estate Select Sector ETF (XLRE) was ahead 1.4%. In company news, Ready Capital (RC) gained 4.2% after the real estate finance company late Thursday doubled the size of its existing stock buyback program to $50 million.

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