🏦 Visa Drops on Q3 Revenue Miss, Deutsche Bank Falls on Litigation and Loss, Mastercard Down Following Visa's Decline | Financials Sector Insight
Visa faced a stock drop post Q2 revenue miss, while Mastercard followed suit due to similar reasons. S&P Global reacted to mixed US PMI data, and American Express encountered bearish sentiment amidst unusual options activity.
Welcome to the MarketReader Minute.
Below are AI-generated insights on moves in the financials sector, powered by MarketReader technology.
Wednesday, July 24
XLF [-0.7%]
Financial Select Sector SPDR Fund (XLF) saw a -0.7% price movement since Tuesday's close, aligning with declines in top holdings like Visa, Mastercard, Berkshire Hathaway, S&P Global, and American Express. Visa faced a stock drop post Q2 revenue miss, while Mastercard followed suit due to similar reasons. S&P Global reacted to mixed US PMI data, and American Express encountered bearish sentiment amidst unusual options activity. Additionally, the Dow Jones Index fell by -0.92%, historically linked to XLF's performance.