FINWIRES · TerminalLIVE
FINWIRES

Sector Update: Financial

By

Financial stocks were softer in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) fractionally lower.

The Philadelphia Housing Index was climbing 3.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.2%.

Bitcoin (BTC-USD) was increasing 2.8% to $66,470, and the yield for 10-year US Treasuries was dropping 4.4 basis points to 4.662%.

In corporate news, BlackRock's (BLK) private credit division HPS Investment Partners and Oaktree Capital are among the creditors that seized control of production equipment supplier MBS Group last week, after the latter defaulted on its debt, the Financial Times reported. BlackRock shares were up 1.3%.

Related Articles

Wire

Virgin Australia's Velocity Frequent Flyer Receives ACCC Interim Authorization to Continue 7-Eleven Partnership

Virgin Australia's (ASX:VGN) Velocity Frequent Flyer loyalty program has received interim authorization from the Australian Competition and Consumer Commission (ACCC) to continue its retail earn partnership with 7-Eleven Stores and its franchisees, according to a Wednesday statement from the regulator.The authorization allows Velocity members to continue earning points when making purchases at 7-Eleven stores.The airline's shares fell past 1% in recent Wednesday trade.

ASX:VGN
Wire

Update: Mercury Systems Shares Fall After Fiscal Q4 Adjusted Earnings Miss

(Updates with stock price movement in the headline and the first paragraph.)Mercury Systems (MRCY) shares fell 11% during after-hours trading on Tuesday after the company posted lower-than-expected fiscal Q4 adjusted earnings.The company reported fiscal Q4 adjusted earnings late Tuesday of $0.37 per diluted share, down from $0.47 a year earlier.Analysts polled by FactSet expected $0.38.Revenue for the quarter ended July 3 rose to $289.8 million from $273.1 million a year earlier.Analysts expected $266.1 million.

$MRCY
Wire

Mercury Systems Fiscal Q4 Adjusted Earnings Fall, Revenue Rises

Mercury Systems (MRCY) reported fiscal Q4 adjusted earnings late Tuesday of $0.37 per diluted share, down from $0.47 a year earlier.Analysts polled by FactSet expected $0.38.Revenue for the quarter ended July 3 rose to $289.8 million from $273.1 million a year earlier.Analysts expected $266.1 million.

$MRCY