XLF Stock Recent News
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November is historically the best month of the year. The news of the Fed keeping the interest rates steady in the latest FOMC meeting has bolstered further optimism in the stock market.
Looking for broad exposure to the Financials - Broad segment of the equity market? You should consider the Financial Select Sector SPDR ETF (XLF), a passively managed exchange traded fund launched on 12/16/1998.
The S&P 500, the Nasdaq and the Dow Jones -- all underperformed in the third quarter of 2023. However, these top-ranked sector ETFs might outperform in the fourth quarter.
Bank stock indexes were moving higher on Wednesday to mark their sixth straight day of gains, as bond yields eased back. The SPDR S&P Bank ETF KBE, +0.87% was up 0.7% and is trading at its highest level since Sept.
Earnings season kicks off Friday, October 13 as several banks including JPMorgan Chase & Co. (JPM), Citigroup (C), and PNC Financial Services Group (PNC), will be reporting earnings. Scott Krisiloff, The Transcript Editor and Avondale Asset Management Founder, joins Yahoo Finance Live to discuss what to watch for from the financial sector going into earnings season.
The rise in U.S. Treasury yields has battered utility stocks. It's part of the reason why EP Wealth Advisors Managing Director of Portfolio Strategy Adam Phillips is advising investors hold an underweight position in both utilities and consumer staples.
The financial sector ETF (XLF) has fallen nearly 5 percent over the last three months as the Federal Reserve interest rate tightening has taken its toll on the sector. Many investors are wondering what this means as we head into 2024 and what it will take to get this sector back on its feet.
After a downbeat September, October started on a volatile note. While jitters may emanate from rising rates in the month, strength may be added by peaking rates, falling inflation, rebounding manufacturing activities and the upcoming holiday season.
The third-quarter was a downbeat period for investors, mainly due to rising rates. But these top-ranked ETFs topped the S&P 500 in the third quarter.
Shares of JPMorgan Chase & Co. JPM, -0.57% dropped 0.5% in morning trading Tuesday, after The Wall Street Journal reported that the bank agreed to pay $75 million to the U.S. Virgin Islands to settle a lawsuit over ties to Jeffrey Epstein's sex trafficking. The WSJ report said as part of the settlement, the bank did not admit any wrongdoing.