The MarketReader Minute
🏦 Financials Rise Despite Weak GDP; Goldman Hits Record, JPM Gains | Financials Sector Insight
The financial sector advanced despite a Q1 GDP contraction of 0.5%, as stronger-than-expected durable goods data signaled resilience in manufacturing-linked segments. Goldman Sachs hit an all-time high, while JPMorgan also posted gains, contributing to XLF’s upward move.