Sector Update: Financial Stocks Decline Late Afternoon

MT Newswires

Blackstone

-1.63%

Ready Capital Corporation

-26.84%

Howard Hughes Holding

-2.17%

The Carlyle Group

-3.15%

Financial stocks fell in late Monday afternoon trading, with the NYSE Financial Index down 0.9% and the Financial Select Sector SPDR Fund (XLF) declining 1.4%.

The Philadelphia Housing Index slipped 1.6%, while the Real Estate Select Sector SPDR Fund (XLRE) rose 0.7%.

Bitcoin (BTC/USD) slumped 8.7% to $86,166, and the yield for 10-year US Treasuries dropped 5.1 basis points to 4.18%.

In economic news, the Institute for Supply Management's US manufacturing index fell to 50.3 in February from 50.9 in January, against expectations for 50.8 in a Bloomberg survey.

In corporate news, Blackstone subsidiary Blackstone Europe and Sixth Street Partners said an all-cash proposal by certain of their managed funds to buy Warehouse REIT for 470 million pounds ($596.5 million) was rejected. Blackstone shares fell 2.3%.

Ready Capital shares dropped 25% following its Q4 results.

Howard Hughes shares fell 2.8%. The firm said its special committee hasn't accepted the Feb. 18 proposal from Pershing Square Capital Management to buy 10 million newly issued shares of Howard Hughes for $90 per share.

Carlyle is aiming to raise more than $3 billion for a new infrastructure fund, Bloomberg reported. Carlyle shares were shedding 3.4%.

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

Add to Favorites

Nyse Order Imbalance 89220.0 Shares On Buy Side

Reuters

Howard Hughes Holding

-2.17%

Risk Warnings and Disclaimers

Add to Favorites

Sector Update: Financial

MT Newswires

Blackstone

-1.63%

Financial stocks fell in late Monday afternoon trading with the NYSE Financial Index down 0.9% and the Financial Select Sector SPDR Fund (XLF) dropping 1.4%.

The Philadelphia Housing Index slipped 1.6%, while the Real Estate Select Sector SPDR Fund (XLRE) rose 0.3%.

Bitcoin (BTC/USD) slumped 8.7% to $86,166, and the yield for 10-year US Treasuries dropped 5.1 basis points to 4.18%.

In economic news, the Institute for Supply Management's US manufacturing index fell to 50.3 in February from 50.9 in January, compared with expectations for 50.8 in a survey compiled by Bloomberg.

Risk Warnings and Disclaimers

Add to Favorites

Blackstone, Sixth Street Acquisition Offer Rejected by Warehouse REIT

MT Newswires

Blackstone

-1.63%

Blackstone subsidiary Blackstone Europe and Sixth Street Partners said Monday that certain of their managed funds recently made an all-cash proposal to acquire Warehouse REIT for 470 million pounds ($596.5 million), which it rejected.

The two companies sent their offer of 110.5 pence per share on Feb. 23 and the real estate investment trust's board rejected it on Feb. 28. This was their fourth buyout proposals, according to the statement.

The offer represented a 34.1% premium on the REIT's closing price on Feb. 28 and was inclusive of its interim dividend of 0.016 pounds per share declared on Feb. 19, the companies said.

Risk Warnings and Disclaimers

Add to Favorites

Nvidia, Tesla lead market cap stock movers on Monday

Investing.com

Monday’s trading session is witnessing significant movements among stocks across the market cap spectrum, with mega-cap stocks like Nvidia Corp (NASDAQ:NVDA) and Tesla Motors (NASDAQ:TSLA) experiencing notable intraday shifts. Amidst a flurry of market activity, here’s a look at some of the key stock movers, from the largest companies by market capitalization to the smaller players.

Mega-Cap Movers:

Nvidia Corp (NVDA); Nvidia and Broadcom testing chips on Intel (NASDAQ:INTC) manufacturing process -6.71%
Avago Technologies (NASDAQ:AVGO); Nvidia and Broadcom testing chips on Intel manufacturing process -4.34%
Tesla Motors (TSLA) -1.84%
Exxon Mobil (NYSE:XOM) -2.68%
Amazon Com Inc (NASDAQ:AMZN) -2.09%
Chevron (NYSE:CVX) -2.91%

Large-Cap Stock Movers:

Endeavor Group Holdings Inc (NYSE:EDR); Silver Lake To Close Endeavor Transaction (JO:TCPJ) On March 24th At $27.50 -11.51%
Li Auto Inc (NASDAQ:LI) -10.85%
BeiGene (NASDAQ:ONC) -9.25%
GS Acquisition A (NYSE:VRT) -8.64%
Super Micro Compu (NASDAQ:SMCI) -8.73%
Oaktree Acquisition Corp (NYSE:HIMS) -7.81%
IBIT NASDAQ (IBIT) +3.59%
Astera Labs (ALAB) -6.25%
FBTC NYSE (FBTC) +6.5%
Coherent (NYSE:COHR) -5.79%

Mid-Cap Stock Movers:

TG Therapeutics Inc (NASDAQ:TGTX); TG Therapeutics Provides Business Update and Reports Fourth Quarter and Full Year 2024 Financial Results +18.63%
Allegro (WA:ALEP) Microsystems Inc (ALGM); Allegro MicroSystems (ALGM) Climbs on Report of Takeover Interest from ON Semiconductor (NASDAQ:ON) +17.96%
GDS Holdings Ltd (NASDAQ:GDS) -15.4%
NVDL (NVDL) -13.06%
21Vianet Group (NASDAQ:VNET) -13.81%
Metsera (MTSR) +12.47%
BITX (BITX) +6.96%
Freshpet Inc (NASDAQ:FRPT) -9.96%
NantKwest (NASDAQ:IBRX); ImmunityBio Reports Sales Momentum & Unit Growth Since Permanent J-code Issuance (J9028) in January 2025 and Financial Results for Year End 2024 -11.9%
Yandex (NASDAQ:NBIS) -11.77%

Small-Cap Stock Movers:

Sutherland Asset Management Corp (NYSE:RC); Ready Capital Corporation Reports Fourth Quarter 2024 Results and Declares First Quarter 2025 Dividends -29.58%
NAble (NABL); N-able Announces Fourth Quarter and Full-Year 2024 Results -26.62%
Aldeyra The (NASDAQ:ALDX) +21.37%
Fortrea Holdings (FTRE); Fortrea Reports Fourth Quarter and Full-Year 2024 Results; Issues Full-Year 2025 Guidance -24.62%
Applied Opt (NASDAQ:AAOI) -13.98%
NVDX (NVDX) -12.83%
NVDU (NVDU) -12.81%
Rapport Therapeutics (RAPP); Rapport Therapeutics appoints new chief medical officer -19.54%
Uniqure Nv (NASDAQ:QURE) -13.76%

For real-time, market-moving news, join Investing Pro.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Risk Warnings and Disclaimers

Add to Favorites

Sector Update: Financial Stocks Ease Monday Afternoon

MT Newswires

Ready Capital Corporation

-26.84%

Howard Hughes Holding

-2.17%

The Carlyle Group

-3.15%

Financial stocks fell in Monday afternoon trading, with the NYSE Financial Index fractionally lower and the Financial Select Sector SPDR Fund (XLF) down 0.3%.

The Philadelphia Housing Index eased 0.2%, while the Real Estate Select Sector SPDR Fund (XLRE) climbed 1.1%.

Bitcoin (BTC/USD) was falling 5.5% to $88,732, and the yield for 10-year US Treasuries was dropping 5.1 basis points to 4.18%.

In economic news, the Institute for Supply Management's US manufacturing index fell to 50.3 in February from 50.9 in January, compared with expectations for 50.8 in a survey compiled by Bloomberg.

In corporate news, Ready Capital shares dropped 29% after its Q4 revenue missed analysts' expectations.

Howard Hughes shares fell 2.3% after it said Monday that the special committee of its board hasn't accepted the Feb. 18 proposal from Pershing Square Capital Management to buy 10 million newly issued common shares of Howard Hughes for $90 per share.

Carlyle is aiming to raise more than $3 billion for a new infrastructure fund, Bloomberg reported. Carlyle shares were shedding 1.4%.

Risk Warnings and Disclaimers

Add to Favorites

Ready Capital Hits Over Four-Year Low After Quarterly Loss, Dividend Cut

Reuters

Ready Capital Corporation

-26.84%

Risk Warnings and Disclaimers

Add to Favorites

Risk Disclosure

The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.

Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.

Daily News

Remarks of Officials

Central Bank

Forex

FastBull Events

FastBull Featured

Devin

Mohammad Omar

Recent Searches

Top Searches

Markets

News

Analysis

User

24/7

Economic Calendar

Education

Data

Sector Update: Financial Stocks Decline Late Afternoon

Nyse Order Imbalance 89220.0 Shares On Buy Side

Sector Update: Financial

Blackstone, Sixth Street Acquisition Offer Rejected by Warehouse REIT

Nvidia, Tesla lead market cap stock movers on Monday

Sector Update: Financial Stocks Ease Monday Afternoon

Ready Capital Hits Over Four-Year Low After Quarterly Loss, Dividend Cut

Risk Disclosure