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Sector Update: Financial

· 02/05/2021 10:48

03:38 PM EST, 02/05/2021 (MT Newswires) -- Financial stocks hung on for moderate gain in afternoon trading, with the NYSE Financial Index rising 0.3% while the SPDR Financial Select Sector ETF was ahead 0.2%. The Philadelphia Housing Index was climbing 2.1%. In company news, Zions Bancorp (ZION) was ending near its Friday session low, sinking almost 1% and giving back a short-lived gain that followed the bank holding company resuming its stock buyback program, this afternoon authorizing the repurchase of up to $50 million of its common shares during the current Q1.