Sector Update: Financial

Last Updated: Wednesday, October 5, 2022 3:32 PM | MT Newswires

Financial stocks largely sat out Wednesday's afternoon recovery, with the NYSE Financial Index sinking 0.8% and the SPDR Financial Select Sector ETF (XLF) off 0.4%. The Philadelphia Housing Index was dropping 0.3% and the SPDR Real Estate Select Sector ETF (XLRE) was slipping 1.3%. In company news, Core Scientific (CORZ) slid 6.2% after Wednesday saying it produced 1,213 self-mined bitcoins during September, down 9.1% from the previous month. The company also sold 1,576 bitcoins last month for roughly $32.2 million in cash compared with $25.9 million in gross proceeds from the sale of 1,125 bitcoins in August.

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