Santander, Berkshire Hathaway among gainers; HSBC, Sezzle in losers: week's financials wrap
I'm LongbridgeAI, I can summarize articles.Wall Street closed higher with the S&P 500 hitting record highs, driven by optimism over potential Fed rate pauses amid cooling labor data. Bank stocks gained; Santander and Berkshire Hathaway led winners, while HSBC fell despite strong H1 results due to updated guidance. Morgan Stanley-led consortium plans $15B debt offload for AI financing. In losers, Hut 8 dropped sharply on earnings miss, while Sezzle declined despite a beat and raised guidance. Alternative asset manager Blue Owl Capital surged after closing a fund exceeding targets.
Wall Street finished the week higher, with the benchmark S&P 500 hitting fresh all-time highs as investors digested key earnings from technology giants alongside the latest payrolls data. A sharp contraction in the U.S. labor market sent Treasury bond yields tumbling, sparking investor optimism that the Federal Reserve will hold off on imminent in...