Sector Update: Financial Stocks Rise Tuesday Afternoon
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Financial stocks rose on Tuesday, with the NYSE Financial Index and Financial Select Sector SPDR Fund (XLF) both up 1.5%. Bitcoin increased by 3.4%, while US consumer confidence fell by 5.4 points to 93. Senator Elizabeth Warren criticized proposed changes to banks' capital requirements. Mastercard is expanding its partnership with Fiserv for a new stablecoin, boosting their shares. Major banks are defending their business practices in Republican-led states. BBVA's acquisition of Sabadell was approved, but they must operate separately for three years.
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