The MarketReader Minute
🏦 CPI Data Fuels Optimism for Financial Sector; Strong Bank Earnings Drive Market Gains | Financials Sector Insight
The Financial Select Sector SPDR Fund (XLF) has increased by 2.3% in pre-market trading, buoyed by the U.S. Consumer Price Index (CPI) data, which showed a month-over-month rise of 0.4% and an annual increase of 2.9%, slightly above expectations.