Financial Stocks Rise Late Friday Amid Strong Corporate News
Financial stocks on Wall Street saw gains in late afternoon trading last Friday, with the NYSE Financial Index rising by 0.9% and the State Street Financial Select Sector SPDR ETF (XLF) increasing by 0.7%. The Philadelphia Housing Index climbed 1.2%, while the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.7%
BTC, or Bitcoin, rose by 1% to $77,301, as the yield for 10-year US Treasuries increased by 3.1 basis points to 4.975%. The University of Michigan's preliminary consumer sentiment index fell to 47.8 in September from 51.7 in August, exceeding market projections
Jefferies Financial (JEF) is on track for its best advisory quarter on record but faces trading headwinds, according to UBS. Blackstone (BX) plans to buy more tensor processing units from Alphabet's Google unit than initially outlined, with spending possibly reaching several multiples of the $5 billion announced in May
KKR and Francisco Partners have agreed to purchase minority stakes in Italian software company TeamSystem from Hellman & Friedman. Intercontinental Exchange (ICE) warehouses may receive significant volumes of arabica coffee from Brazil, as majors Olam and Louis Dreyfus seek to certify thousands of bags for the December contract