Sector Update: Financial

MT newswire2026/08/28 12:56

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08:56 AM EDT, 08/28/2026 (MT Newswires) -- Financial stocks were steady pre-bell Friday, with the State Street Financial Select Sector SPDR ETF (XLF) flat. The Direxion Daily Financial Bull 3X Shares (FAS) fell by 0.1%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was flat. Affirm (AFRM) shares were up more than 11% after the company reported overnight a surge in fiscal Q4 earnings and revenue, and issued an upbeat fiscal Q1 revenue outlook.

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On Tuesday, following Federal Reserve Governor Waller’s call to consider a 50 basis point rate hike at the December meeting, this year’s FOMC rotating voting member Lorie Logan reiterated a hawkish stance, stating, "Given the current economic outlook, I believe at least two more rate hikes of 25 basis points each are needed. The pace of rate hikes this winter may be faster than what we have seen so far this autumn." On Tuesday, the two-year US Treasury yield jumped 19 basis points in a single day, reaching 4.74%.

华尔街见闻•2026/11/10 19:52