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Sectors

Sector Update: Financial Stocks Advance Late Afternoon

Financial stocks rose in late Friday afternoon trading, with the NYSE Financial Index increasing 1.3% and the State Street Financial Select Sector SPDR ETF (XLF) adding 1.4%.The Philadelphia Housing Index was up 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.7%.Bitcoin (BTC-USD) was increasing 0.2% to $63,705, and the yield for 10-year US Treasuries rose 1.8 basis points to 4.48%.In economic news, US consumer sentiment has rebounded in June as gasoline prices eased, while the inflation outlook dropped, the University of Michigan's preliminary survey showed Friday. The main sentiment index rose 9.2% sequentially to 48.9 this month, following three consecutive drops. The consensus was for a 46 print in a Bloomberg poll.In sector news, US banking regulators are ramping up their review of the use of AI in financial services, along with its potential risks, Reuters reported. The US Federal Reserve and the Office of the Comptroller of the Currency have started asking banks to detail their use of AI in lending and customer checks, among other processes, during routine bank assessments, the report said.In corporate news, Robinhood (HOOD) saw heavy traffic Friday, leading to latency and intermittent issues for some customers, the company's official help account said in a post on X. Essential systems have recovered and teams are closely monitoring the situation, according to the social media post. Robinhood shares rose 1.4%.Vanguard has surpassed BlackRock (BLK) to become the largest exchange-traded fund issuer in the US, with about $4.39 trillion in assets across its US-listed ETFs, Bloomberg reported. The milestone follows approximately $13 billion in net inflows in the latest session, pushing Vanguard's ETF assets above the roughly $4.36 trillion managed by BlackRock, the report said. BlackRock shares were up 1.6%.BlackRock and State Street Investment Management (STT) are facing fresh competition as New York City's pension system opens a bidding process for about $92 billion of stock index funds the two firms currently oversee, Bloomberg reported. BlackRock manages about $65 billion of the passive equity portfolio and State Street about $27 billion, the report said. State Street shares rose 1.5%.HSBC (HSBC) has roughly $400 million of exposure to IFFCO, a consumer goods company in the Middle East that has struggled for months to restructure about $2 billion in debt, Bloomberg reported. HSBC shares were rising 2.1%.

$BLK$HOOD$HSBC$STT
Sectors

Sector Update: Financial

Financial stocks were advancing in late Friday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each rising 1.3%.The Philadelphia Housing Index was up 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.9%.Bitcoin (BTC-USD) was increasing 0.1% to $63,652, and the yield for 10-year US Treasuries rose 1.4 basis points to 4.477%.In corporate news, BlackRock (BLK) and State Street Investment Management (STT) are facing fresh competition as New York City's pension system opens a bidding process for about $92 billion of stock index funds the two firms currently oversee, Bloomberg reported. BlackRock manages about $65 billion of the passive equity portfolio and State Street about $27 billion, the report said. BlackRock and State Street shares were each up 1.5%.

$BLK$STT
Wire

Market Chatter: BlackRock, State Street Face Competition on NYC Pension Fund Bids

BlackRock (BLK) and State Street Investment Management (STT) are facing fresh competition as New York City's pension system opens a bidding process for about $92 billion of stock index funds the two firms currently oversee, Bloomberg News reported Friday.BlackRock manages about $65 billion of the passive equity portfolio and State Street about $27 billion, the report said.The city is "a long-standing client, and we look forward to continuing our work with them," a BlackRock spokesman said, according to the report.New York City Comptroller Mark Levine and the pension trustees are seeking managers for passive public-equity indexing strategies, including traditional approaches and those focused on environmental, social and governance factors. The contract will run for an initial three years with renewal options, the comptroller said Friday in a statement.The existing contracts run through this year, and bids are due July 15.As of March 31, the pension systems held $127.11 billion in public equity investments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $1027.67, Change: $+11.09, Percent Change: +1.09%

$BLK$STT
Sectors

Sector Update: Financial Stocks Higher Friday Afternoon

Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 1.2% and the State Street Financial Select Sector SPDR ETF (XLF) adding 1.1%.The Philadelphia Housing Index was up 0.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.8%.Bitcoin (BTC-USD) was increasing 0.5% to $63,887, and the yield for 10-year US Treasuries was rising 2 basis points to 4.483%.In economic news, US consumer sentiment has rebounded in June as gasoline prices eased, while the inflation outlook dropped, the University of Michigan's preliminary survey showed Friday. The main sentiment index rose 9.2% sequentially to 48.9 this month, following three consecutive drops. The consensus was for a 46 print in a Bloomberg poll.In sector news, US banking regulators are ramping up their review of the use of AI in financial services, along with its potential risks, Reuters reported. The US Federal Reserve and the Office of the Comptroller of the Currency have started asking banks to detail their use of AI in lending and customer checks, among other processes, during routine bank assessments, the report said.In corporate news, Robinhood (HOOD) saw heavy traffic Friday, leading to latency and intermittent issues for some customers, the company's official help account said in a post on X. Essential systems have recovered and teams are closely monitoring the situation, according to the social media post. Robinhood shares rose 0.6%.Vanguard has surpassed BlackRock (BLK) to become the largest exchange-traded fund issuer in the US, with about $4.39 trillion in assets across its US-listed ETFs, Bloomberg reported. The milestone follows approximately $13 billion in net inflows in the latest session, pushing Vanguard's ETF assets above the roughly $4.36 trillion managed by BlackRock, the report said. BlackRock shares were up 0.9%.HSBC (HSBC) has roughly $400 million of exposure to IFFCO, a consumer goods company in the Middle East that has struggled for months to restructure about $2 billion in debt, Bloomberg reported. HSBC shares were rising 1.7%.

$BLK$HOOD$HSBC
Sectors

Sector Update: Financial

Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 1.1% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 1.2%.The Philadelphia Housing Index was up 0.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.7%.Bitcoin (BTC-USD) was increasing 0.5% to $63,887, and the yield for 10-year US Treasuries was rising 2 basis points to 4.483%.In corporate news, Vanguard has surpassed BlackRock (BLK) to become the largest exchange-traded fund issuer in the US, with about $4.39 trillion in assets across its US-listed ETFs, Bloomberg reported. The milestone follows approximately $13 billion in net inflows in the latest session, pushing Vanguard's ETF assets above the roughly $4.36 trillion managed by BlackRock, the report said. BlackRock shares were up 1%.

$BLK
SpaceX Jumps 21% as Blockbuster Debut Pushes Market Valuation Above $2 Trillion
US Markets

SpaceX Jumps 21% as Blockbuster Debut Pushes Market Valuation Above $2 Trillion

Shares of Space Exploration Technologies (SPCX) were rallying 21% on Friday as Elon Musk's rocket and satellite company debuted on the Nasdaq in what is poised to be the world's biggest initial public offering ever.SpaceX, which the company is widely known as, opened trade at $150 and moved as high as $168.75, having priced its IPO at $135.Its shares were last trading at $163.21, up 21% from the IPO price.The rally pushed SpaceX above a $2 trillion market capitalization, placing it among the 10 most valuable public companies in the US, even more valuable than Musk-led Tesla (TSLA).The IPO, which would raise a record $75 billion, is expected to close on Monday, according to a company statement released Thursday. SpaceX granted the underwriters a 30-day option to buy up to an additional 83.3 million class A shares at the IPO price.The IPO drew more than $350 billion in orders from institutions and retail investors, with the former accounting for over $250 billion, Bloomberg News reported Friday, citing people familiar with the matter.BlackRock (BLK) had placed an order to buy at least $5 billion worth of SpaceX shares, The Wall Street Journal reported Thursday, citing people familiar with the matter.Investor excitement ahead of the SpaceX IPO seemed to have caused a stir in the market, Wedbush Securities said in a note on Friday."We have already started to see SpaceX impact the entire (technology) market with many investors selling existing tech stocks to make strategic bets on the SpaceX IPO," Wedbush analyst Dan Ives wrote. "We also believe the SpaceX anticipation has caused some added volatility in the market especially in the tech sector as traders/investors anticipate the ripple impact of this historical IPO."The listing makes Musk the world's first trillionaire, Reuters reported.Price: $162.83, Change: $+27.83, Percent Change: +20.61%

$BLK$SPCX$TSLA
Wire

SpaceX Surges 19% in Nasdaq Debut

Shares of Elon Musk's SpaceX (SPCX) rallied 19% on Friday as the rocket and satellite company debuted on the Nasdaq in what is poised to be the world's biggest initial public offering.Space Exploration Technologies, widely known as SpaceX, opened trading at $150, after pricing the IPO at $135. The offering is expected to close on Monday, according to a company statement released Thursday.It plans to raise a record $75 billion, targeting a $1.75 trillion valuation, Wedbush Securities said in a note on Friday. That would place SpaceX among the 10 most valuable public companies in the US, even more valuable than Musk-led Tesla (TSLA).SpaceX granted the underwriters a 30-day option to buy up to an additional 83.3 million class A shares at the IPO price.Musk's SpaceX position is worth about $866 billion, according to a Reuters report.If the stock trades at $138 per share, Musk officially becomes a trillionaire, Wedbush's Dan Ives said.Price: $168.00, Change: $+33.00, Percent Change: +24.44%

$BLK$SPCX$TSLA
Wire

Top Midday Stories: SpaceX Shares Indicated to Open 29% Above IPO Price at $174 Each; Adobe CFO Leaves Company

All three major US stock indexes were up in late-morning trading Friday, as investors prepare for SpaceX's initial public offering and wait for news on a signed deal between the US and Iran.In company news, SpaceX shares are indicated to open at $174 apiece, about 29% above the IPO price of $135 per share, Bloomberg reported Friday.Adobe (ADBE) reported fiscal Q2 adjusted earnings late Thursday of $5.96 per diluted share, up from $5.06 a year earlier and above the FactSet consensus analyst estimate of $5.82. Fiscal Q2 revenue was $6.62 billion, up from $5.87 billion a year ago and above the FactSet consensus of $6.45 billion. For fiscal Q3, the company expects adjusted EPS of $6.05 to $6.10 on revenue of $6.67 billion to $6.72 billion. Analysts polled by FactSet expect $5.77 and $6.52 billion, respectively. For the full year, Adobe expects adjusted EPS of $24.35 to $24.45 on revenue of $26.5 billion to $26.6 billion. Analysts expect $23.54 and $26.06 billion, respectively. The company also announced that Chief Financial Officer Dan Durn will leave the company on Monday, and Steve Day, senior vice president of corporate finance, will serve as interim CFO. Adobe shares were down 7.4% around midday.BlackRock (BLK) HPS Corporate Lending Fund received repurchase requests totaling about 13.3% of shares outstanding as of March 31 but will fulfill requests for just 5% of shares, the fund said Friday in a regulatory filing. The fund previously limited redemptions to 5% after receiving requests to repurchase about 9.3% of share outstanding, according to a March regulatory filing. BlackRock shares were up 2%.SharonAI (SHAZ) said Friday it has entered a six-year strategic compute collaboration with Nvidia (NVDA) to expand AI infrastructure in Australia, including the deployment of up to 40,000 Grace Blackwell GB300 GPUs. SharonAI shares were down 7.8%, while Nvidia shares were up 0.4%.Turkey's Competition Board said Friday it has concluded an investigation into Netflix (NFLX), Amazon (AMZN) Prime, Walt Disney (DIS) and other streaming platforms through a waiver of liability. Netflix agreed to measures that seek to address issues raised by the board regarding its selection of Turkish content, while all of the companies committed to certain steps to address the raised issue of exclusivity clauses in contracts. Netflix and Amazon shares were down 1.1% and 2%, respectively, while Disney shares were up 0.3%.Price: $203.46, Change: $-15.34, Percent Change: -7.01%

$ADBE$AMZN$BLK$DIS$NFLX$NVDA$SHAZ
Wire

Market Chatter: Vanguard Overtakes BlackRock as Largest US ETF Issuer

Vanguard Group has surpassed BlackRock (BLK) to become the largest exchange-traded fund issuer in the US, with about $4.39 trillion in assets across its US-listed ETFs, Bloomberg reported Friday.The milestone follows approximately $13 billion in net inflows in the latest session, pushing Vanguard's ETF assets above the roughly $4.36 trillion managed by BlackRock, according to the report.Vanguard has attracted about $291 billion of ETF inflows so far this year, compared with nearly $120 billion for BlackRock, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $1029.01, Change: $+12.14, Percent Change: +1.19%

$BLK
Equities

AES Prices $1 Billion in Notes

AES (AES) has priced $600 million of senior 5.20% due 2029, and $400 million of 5.75% senior notes due 2033, with an expected closing on June 16, the utility giant disclosed late Thursday.

$AES$BLK$EQT
Sectors

Sector Update: Financial Stocks Rise Late Afternoon

Financial stocks advanced in late Thursday afternoon trading, with the NYSE Financial Index rising 1.2% and the State Street Financial Select Sector SPDR ETF (XLF) adding 1%.The Philadelphia Housing Index climbed 3.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.4%.Bitcoin (BTC-USD) gained 3.2% to $63,436, and the yield for 10-year US Treasuries dropped 8.3 basis points to 4.459%.In economic news, core producer price index, which excludes the more volatile food and energy prices, increased by 0.4% in May, slower than the 0.5% gain expected in a Bloomberg-compiled poll and following a 0.7% gain in April. Core PPI remained at 4.9% year-over-year, but below the 5.4% consensus.US initial jobless claims rose to a level of 229,000 in the week ended June 6 from an unrevised level of 225,000 in the previous week, compared with expectations for an increase to 220,000 in a survey of analysts compiled by Bloomberg.In sector news, the US Supreme Court on Thursday overturned a lower court ruling, blocking activist investors from suing closed-end mutual funds over maneuvers they take to avoid activist-investor takeovers. Saba Capital Master Fund, which led the suing investors, alleged that such moves, like incorporating in favorable jurisdictions, violate the Investment Company Act of 1940.In corporate news, Citigroup (C) launched tokenized depositary receipts for private-company shares, expanding its use of blockchain technology in private markets. Citi shares rose 3.6%.BlackRock (BLK) placed an order to buy at least $5 billion worth of SpaceX shares, the Wall Street Journal reported. Individual investors placed more than $70 billion in orders, and the company also attracted demand from sovereign wealth funds and family offices, including a single family office order of over $1 billion, the report said. BlackRock shares were up 0.8%.KKR (KKR) and co-investors will acquire a majority stake in Chicago-based accounting firm Crowe in a $3 billion deal, The Wall Street Journal reported. Separately, KKR said it launched Helix Digital Infrastructure, a platform with over $10 billion in committed capital to finance AI infrastructure. KKR shares were up 0.1%.Charles Schwab (SCHW) said Thursday that it has lowered expense ratios on four of its equity index ETFs, including funds tracking US mid-cap, small-cap, international small-cap, and emerging markets stocks. Its shares eased 0.1%.

$BLK$C$KKR$SCHW
Sectors

Sector Update: Financial Stocks Mixed Thursday Afternoon

Financial stocks were mixed in Thursday afternoon trading, with the NYSE Financial Index decreasing 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.7%.The Philadelphia Housing Index rose 2.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.1%.Bitcoin (BTC-USD) gained 2.5% to $63,498, and the yield for 10-year US Treasuries decreased 6.3 basis points to 4.48%.In economic news, core producer price index, which excludes the more volatile food and energy prices, increased by 0.4% in May, slower than the 0.5% gain expected in a Bloomberg-compiled poll and following a 0.7% gain in April. Core PPI remained at 4.9% year-over-year, but below the 5.4% consensus.US initial jobless claims rose to a level of 229,000 in the week ended June 6 from an unrevised level of 225,000 in the previous week, compared with expectations for an increase to 220,000 in a survey of analysts compiled by Bloomberg.In sector news, the US Supreme Court on Thursday overturned a lower court ruling, blocking activist investors from suing closed-end mutual funds over maneuvers they take to avoid activist-investor takeovers. Saba Capital Master Fund, which led the suing investors, alleged that such moves, like incorporating in favorable jurisdictions, violate the Investment Company Act of 1940.In corporate news, BlackRock (BLK) placed an order to buy at least $5 billion worth of SpaceX shares, the Wall Street Journal reported. Individual investors placed more than $70 billion in orders, and the company also attracted demand from sovereign wealth funds and family offices, including a single family office order of over $1 billion, the report said. BlackRock shares were up 1.1%.Charles Schwab (SCHW) said Thursday that it has lowered expense ratios on four of its equity index ETFs, including funds tracking US mid-cap, small-cap, international small-cap, and emerging markets stocks. Its shares rose 0.1%.KKR (KKR) said Thursday it launched Helix Digital Infrastructure, a platform with over $10 billion in committed capital to finance AI infrastructure, including data centers, power and connectivity expansion. KKR shares were down 0.5%.

$BLK$KKR$SCHW
Wire

Sector Update: Financial

Financial stocks were mixed in Thursday afternoon trading, with the NYSE Financial Index increasing 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) easing 0.3%.The Philadelphia Housing Index rose 0.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 0.5%.Bitcoin (BTC-USD) gained 1.8% to $62,526, and the yield for 10-year US Treasuries fell 1 basis point to 4.532%.In corporate news, BlackRock (BLK) placed an order to buy at least $5 billion worth of SpaceX shares, the Wall Street Journal reported. Individual investors placed more than $70 billion in orders, and the company also attracted demand from sovereign wealth funds and family offices, including a single family office order of over $1 billion, the report said. BlackRock shares fell 0.8%.

$BLK
Wire

Market Chatter: BlackRock Places $5 Billion Order for SpaceX Shares

BlackRock (BLK) has placed an order to buy at least $5 billion worth of SpaceX shares, The Wall Street Journal reported Thursday, citing people familiar with the matter.Individual investors placed more than $70 billion in orders for SpaceX shares. The company also attracted demand from sovereign wealth funds and family offices, including a single family office order of over $1 billion, the report said.SpaceX's order book closed Wednesday, and bankers are now determining final allocations ahead of a planned listing Friday, the report added.BlackRock and SpaceX didn't immediately reply to' request for comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $1008.84, Change: $-1.84, Percent Change: -0.18%

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Wire

BlackRock Places $5 Billion Order to Buy SpaceX Shares, The Wall Street Journal Reports

BlackRock Places $5 Billion Order to Buy SpaceX Shares, The Wall Street Journal Reports

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Treasury

Supreme Court Blocks Activists From Suing Closed-End Funds Over Management Decisions

Supreme Court Blocks Activists From Suing Closed-End Funds Over Management Decisions

$BLK
Wire

Market Chatter: Alternative-Investment Firms Target Mexico's $500 Billion Pension Pool

Blue Owl Capital (OWL), Ares Management (ARES), and Golub Capital are among firms targeting a $500 billion opportunity in Mexican pension funds, Bloomberg reported Monday.Reforms have boosted contributions to workers' accounts, while new rules allow the Mexican funds to allocate more to international private-markets managers, the report said.BlackRock (BLK), Blackstone (BX), KKR (KKR) and Lexington Partners were among the earliest to set up vehicles eligible for investment by the pension funds, known as Afores, according to data from local exchange Biva, the report said.Blue Owl and Ares did not immediately respond to a requests for comment by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $9.46, Change: $-0.35, Percent Change: -3.52%

$ARES$BLK$BX$KKR$OWL
Commodities

Market Chatter: Atlas Renewable Energy Pauses Over 1.5 GW Projects in Brazil

Atlas Renewable Energy has put at least 1.5 gigawatts of renewable projects in Brazil on hold and has frozen $1 billion in investments, as the national grid operator frequently rejected renewable power, Reuters reported Wednesday, citing company chief executive Carlos Barrera.The company, owned by asset manager BlackRock (BLK) through its unit Global Infrastructure Partners, originally planned to execute the projects over the past two years.However, projects were deferred as renewable power was periodically rejected by the grid operator due to system limitations. So far in Q2, pre-emptive rejections by the operator have led to a 15% to 25% curtailment in solar and wind power generation from existing projects, according to the chief executive.Barrera told Reuters that overcapacity of solar sources was the "real issue" in curtailments. Due to a solar glut, companies have to replace the rejected renewable generation by output from other sources at twice the cost, to honor contracts at more than the contracted volumes.The current market design, which is compounding the negative effects of curtailments, will likely remain unchanged through 2028, Barrera reportedly said.Nonetheless, curtailments could reportedly decline as solar capacity growth slows while demand continues to rise.Atlas and Brazil's national grid operator did not immediately respond to' request for comment.Last month, Fitch Ratings, as cited by Reuters, assigned negative outlooks for 11 Brazilian renewable project finances, with average curtailments surging between 7% and 25% in 2025, from 6% to 12% in 2024.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$BLK
Sectors

Sector Update: Financial Stocks Advance Late Afternoon

Financial stocks were higher in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.3%.The Philadelphia Housing Index was adding 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.4%.Bitcoin (BTC-USD) was dropping 6.5% to $66,793, and the yield for 10-year US Treasuries decreased 2.4 basis points to 4.45%.In economic news, US job openings rose to 7.618 million in April, according to the Bureau of Labor Statistics, above the 6.866 million expected in a Bloomberg-compiled poll and up from the 6.887 million reported in March. The April report represents 4.6% of total employment, up from 4.2% in March and 4.3% a year earlier.Redbook US same-store sales rose by 9% from a year earlier in the week ended May 30, the same pace as in the previous week. "Customers remain highly value-driven and price sensitive," Redbook said.In corporate news, Carlyle (CG) is close to an agreement to sell Flender, a maker of mechanical and electrical drive technology, to European buyout firm Triton Partners for about 3 billion euros ($3.5 billion), Bloomberg reported. Carlyle shares were down 1.2%.SpaceX is in talks with the Wall Street bankers handling its IPO to pay less than 0.75% for the $75 billion it expects to raise from the IPO, Bloomberg reported. Even at that low spread, the banks, including Goldman Sachs (GS) and Morgan Stanley (MS), are expected to earn about $500 million from the offering, the report said. Goldman shares were up 1.7%, and Morgan Stanley climbed 2.2%.UBS (UBS) is set to raise at least $500 million in Additional Tier 1 bonds denominated in US dollars, Bloomberg reported. Bloomberg described the offering as UBS's first foray into the market since the bank's host Switzerland paused plans to tighten rules on the riskier bank debt. UBS shares rose 0.4%.BlackRock (BLK) is set to acquire a 15% stake in Japanese taxi-hailing app Go as part of the company's planned initial public offering, Nikkei Asia reported. The asset manager is expected to buy 11.8 million shares for 28 billion Japanese yen ($175 million), the report said. BlackRock shares were up 0.2%.

$BLK$CG$GS$MS$UBS
Sectors

Sector Update: Financial Stocks Advance Tuesday Afternoon

Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.2%.The Philadelphia Housing Index was adding 0.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.4%.Bitcoin (BTC-USD) was dropping 5.9% to $67,321, and the yield for 10-year US Treasuries was decreasing 1.6 basis points to 4.459%.In economic news, US job openings rose to 7.618 million in April, according to the Bureau of Labor Statistics, above the 6.866 million expected in a Bloomberg-compiled poll and up from the 6.887 million reported in March. The April report represents 4.6% of total employment, up from 4.2% in March and 4.3% a year earlier.Redbook US same-store sales rose by 9% from a year earlier in the week ended May 30, the same pace as in the previous week. "Customers remain highly value-driven and price sensitive," Redbook said.In corporate news, SpaceX is in talks with the Wall Street bankers handling its IPO to pay less than 0.75% for the $75 billion it expects to raise from the IPO, Bloomberg reported. Even at that low spread, the banks, including Goldman Sachs (GS) and Morgan Stanley (MS), are expected to earn about $500 million from the offering, the report said. Goldman shares were up 1.8%, and Morgan Stanley climbed 2.4%.UBS (UBS) is set to raise at least $500 million in Additional Tier 1 bonds denominated in US dollars, Bloomberg reported. Bloomberg described the offering as UBS's first foray into the market since the bank's host Switzerland paused plans to tighten rules on the riskier bank debt. UBS shares rose 0.3%.BlackRock (BLK) is set to acquire a 15% stake in Japanese taxi-hailing app Go as part of the company's planned initial public offering, Nikkei Asia reported. The asset manager is expected to buy 11.8 million shares for 28 billion Japanese yen ($175 million), the report said. BlackRock shares were down 0.2%.

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