SPY424.31+0.70 0.17%
DIA345.12+0.14 0.04%
IXIC14,069.42+49.09 0.35%

Sector Update: Financial

05/11/2021 08:51

12:48 PM EDT, 05/11/2021 (MT Newswires) -- Financial stocks were sliding in afternoon trading, with the NYSE Financial Index dropping 1.3% while the SPDR Financial Select Sector ETF was off 1.8%.

The Philadelphia Housing Index also was falling 3.4% and the SPDR Real Estate Select Sector ETF was down 1.5%.

In company news, Paysafe (PSFE) fell over 11% after the UK-based payments processor reported a Q1 net loss of $49 million, improving on a $51 million loss during the same quarter last year but still missing the three-analyst consensus expecting a $5.1 million net loss.