Sector Update: Financial

Last Updated: Monday, November 28, 2022 1:29 PM | MT Newswires

Financial stocks were lower in afternoon trading, with the NYSE Financial Index sliding 1.5% and the SPDR Financial Select Sector ETF (XLF) off 1.3%.

The Philadelphia Housing Index was dropping 3.0% and the SPDR Real Estate Select Sector ETF (XLRE) was slipping 2.0%.

In company news, Arthur J Gallagher & Co (AJG) slid 1.1% after the insurance broker said it was acquiring privately held Bulen & Associates Insurance Services.

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