🏦 Robinhood Soars on Strong Q4, Coinbase Follows Suit Amid Crypto Boom | Financials Sector Insight
Among the ETF's holdings, notable contributors to performance included MA, AIG, and Charles Schwab Corporation, which recently completed a substantial secondary offering of shares totaling approximately $13.1 billion.
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Below are AI-generated insights on moves in the financials sector, powered by MarketReader technology.
Thursday, February 13
XLF [+0.3%]
Financial Select Sector SPDR Fund
The Financial Select Sector SPDR Fund (XLF) has experienced a daily return incline, influenced by recent macroeconomic developments. Stronger-than-expected US inflation data revealed a year-over-year Consumer Price Index (CPI) increase of 3% and a core Producer Price Index (PPI) rise of 0.4%. This has contributed to heightened expectations that the Federal Reserve will maintain interest rates for an extended period, adversely affecting financial stocks. Among the ETF's holdings, notable contributors to performance included MA, AIG, and Charles Schwab Corporation, which recently completed a substantial secondary offering of shares totaling approximately $13.1 billion. Additionally, initial jobless claims fell below expectations, signaling a robust labor market.