Sector Update: Financial

Last Updated: Monday, October 3, 2022 1:32 PM | MT Newswires

Financial stocks were higher in afternoon trading, with the NYSE Financial Index rising 2.1% and the SPDR Financial Select Sector ETF (XLF) adding 2.4%. The Philadelphia Housing Index was up 3.2% and the SPDR Real Estate Select Sector ETF (XLRE) gained 2%.

In company news, Jefferies Financial Group (JEF) rose 3.9% after the company said its Leucadia Asset Management subsidiary will invest long-term capital with ISO-mts Capital Management, a recently formed credit long/short investment firm.

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