🏦 Financials Lead Into Earnings Season as XLF Rises and Block Surges on Bullish Options Activity | Financials Sector Insight
XLF gained since Friday, positioning itself at the front of earnings season as major financials gear up to report. JPMorgan, Visa, Mastercard, and Wells Fargo contributed to the ETF’s rise amid renewed tariff tensions.
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Monday, July 14
XLF [+0.7%]
Financial Select Sector SPDR Fund
The Financial Select Sector SPDR Fund (XLF) has seen a price increase of 0.7% since Friday. President Trump announced a 30% tariff on imports from the European Union and Mexico, effective August 1, which is expected to significantly impact financial markets amid ongoing geopolitical concerns. Social media discussions highlight that XLF is at the forefront of the earnings season, with significant financial results anticipated soon. Notably, while many S&P 500 companies have yet to schedule earnings, XLF is projected to dominate upcoming announcements. Furthermore, recent commentary suggests that deregulation has been priced into technology stocks but not into sectors such as financials. Among XLF's holdings, JPMorgan Chase, Visa, Mastercard, Wells Fargo, and PayPal were top contributors to its performance, each showing positive returns.