Sector Update: Financial Stocks Decline Late Afternoon
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Financial stocks declined in late afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each down about 0.4%. The Philadelphia Housing Index fell 0.7%, while pending home sales rose 3.3% in November. Moody's placed Janus Henderson's ratings on review for downgrade after a $7.4 billion acquisition offer. DigitalBridge will be acquired by SoftBank for $4 billion. Blackstone's AirTrunk is considering a potential REIT listing in Singapore, and KKR is negotiating to take Yomeishu Seizo private.
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