🏦 XLF Up Amid U.S.–China Trade Deal and AI Policy Signals, Coinbase Slides After Insider Selling | Financials Sector Insight
XLF posted modest gains Friday, supported by macroeconomic tailwinds including a finalized U.S.–China trade agreement on rare earth shipments and new executive actions to accelerate U.S. AI development. Visa, Mastercard, AmEx, Blackstone, and BlackRock contributed positively to XLF.
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Friday, June 27
XLF [+0.3%]
Financial Select Sector SPDR Fund
The Financial Select Sector SPDR Fund (XLF) has moved up by 0.3% during market hours on Friday. The U.S. and China have finalized a trade agreement to expedite rare earth shipments, which is expected to positively impact financial markets. President Trump announced plans for executive orders aimed at boosting artificial intelligence development in the U.S., potentially influencing economic growth prospects for financial sectors represented by XLF. Recent data indicates an increase in consumer spending alongside expectations of Federal Reserve rate cuts, which may support positive movements within financial stocks tracked by XLF. Among the ETF's holdings, notable contributors include Mastercard, Visa, American Express, Blackstone, and BlackRock, with significant bullish activity surrounding Visa's options. The Dow Jones Index has increased by 0.50%, reflecting broader market sentiment and contributing to the stability observed in XLF.