🏦 HDFC Bank Surges on Strong Profit Growth and Loan-to-Deposit Strategy; COIN and AXP Fall Amid Sector Volatility | Financials Sector Insight
The Financial Select Sector SPDR Fund (XLF) has decreased by 0.8% since Friday. Notable contributors to this decline include Visa, JPMorgan Chase & Co., Morgan Stanley, American Express, and Goldman Sachs, all of which experienced negative returns.
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Monday, October 21
XLF [-0.8%]
Financial Select Sector SPDR Fund (XLF)
The Financial Select Sector SPDR Fund (XLF) has decreased by 0.8% since Friday. Notable contributors to this decline include Visa, JPMorgan Chase & Co., Morgan Stanley, American Express, and Goldman Sachs, all of which experienced negative returns. JPMorgan's CEO, Jamie Dimon, expressed skepticism regarding Bitcoin's supply cap, which has elicited reactions from the cryptocurrency community. Despite this critical view, JPMorgan holds shares in Grayscale Bitcoin Trust. The stock closed at $225.43, down 0.45%. Additionally, the Dow Jones Index has declined by 0.53%, reflecting broader market sentiment that may also influence the XLF's performance.