🏦 Nasdaq Soars, Morningstar and SouthState Surge on Strong Earnings, while Bank of China Dips Amid Rate Cuts | Financials Sector Insight
Warren Buffett's Berkshire Hathaway sold over 7 million shares of Bank of America stock, potentially influencing its price positively. Blackstone experienced a notable 10.99% decrease in short interest and collaborated on extending a cash tender offer for Terrafina with MRP Group.
Welcome to the MarketReader Minute.
Below are AI-generated insights on moves in the financials sector, powered by MarketReader technology.
Thursday, July 25
XLF [+0.9%]
Financial Select Sector SPDR Fund (XLF) increased by 0.8% since the previous close, aligning with the Russell 2000 Index's 1.78% movement. Top contributors to XLF's performance included BRK.B, WFC, BX, SPGI, and SCHW. Warren Buffett's Berkshire Hathaway sold over 7 million shares of Bank of America stock, potentially influencing its price positively. Blackstone experienced a notable 10.99% decrease in short interest and collaborated on extending a cash tender offer for Terrafina with MRP Group, signaling a bullish outlook compared to industry peers.