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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 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
Wire

Robinhood Says Some Customers Faced Issues After Heavy Traffic

Robinhood Markets (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.Price: $93.15, Change: $+0.92, Percent Change: +1.00%

$HOOD
Sectors

Sector Update: Financial Stocks Mostly Higher Pre-Bell Thursday

Financial stocks were mostly higher pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.6%.The Direxion Daily Financial Bull 3X Shares (FAS) rose by 1.7%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.9% lower.WisdomTree (WT) shares were down more than 5% pre-bell, continuing from a 1.9% fall in the previous session. The company reported higher assets under management and net inflows for May.Robinhood Markets (HOOD) shares rose more than 1% after Needham lifted its price target on the company to $97 from $85.Hartford Insurance Group (HIG) stock gained 1.7% before the opening bell. Piper Sandler cut its price target on the company to $148 From $154, but maintains its overweight rating.

$FAS$FAZ$HIG$HOOD$WT$XLF
Insider Trading

Robinhood Markets Insider Sold Shares Worth $931,024, According to a Recent SEC Filing

Steven M. Quirk, Chief Brokerage Officer, on June 03, 2026, sold 10,837 shares in Robinhood Markets (HOOD) for $931,024. Following the Form 4 filing with the SEC, Quirk has control over a total of 81,989 Class A common shares of the company, with 81,989 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1783879/000165921126000012/xslF345X05/wk-form4_1780691677.xml

$HOOD
Insider Trading

Robinhood Markets Insider Bought Shares Worth $15,103,853, According to a Recent SEC Filing

Meyer Malka, Director, on June 01, 2026, executed a purchase for 181,000 shares in Robinhood Markets (HOOD) for $15,103,853. Following the Form 4 filing with the SEC, Malka has control over a total of 7,754,656 Class A common shares of the company, with 1,812 shares held directly and 7,752,844 shares controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1783879/000110465926070232/xslF345X05/tm2616819-1_4seq1.xml

$HOOD
Sectors

Sector Update: Financial Stocks Decline Late Afternoon

Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index decreasing 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) down 0.3%.The Philadelphia Housing Index eased 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 0.4%.Bitcoin (BTC-USD) was falling 1.3% to $73,401, and the yield for 10-year US Treasuries decreased 2.6 basis points to 4.455%.In economic news, on a month-on-month basis, the personal consumption expenditures, or PCE, price index slowed to 0.4% in April from 0.7% in the previous month, Bureau of Economic Analysis data showed Thursday. The Street expected 0.5%. The core PCE price index, which excludes the more volatile food and energy and is the Fed's preferred inflation gauge, grew by 0.2% versus March's 0.3%, also the consensus for April.US economic growth, as measured by gross domestic product, rose by 1.6% in Q1, revised lower from a 2.0% increase in the advance estimate. No revision was expected in a survey compiled by Bloomberg. GDP rose by 0.5% in Q4.New orders for US durable goods rose by 7.9% in April following a 1.3% increase in March, beating the 4.0% gain forecast in a survey compiled by Bloomberg.In sector news, Grayscale has paused its IPO preparations due to unfavorable market conditions and is unlikely to resume the process before Q4, CoinDesk reported. The crypto asset manager filed confidentially for a US IPO last November, the report said.In corporate news, Robinhood (HOOD) shares jumped past 10% after it said the official Trump Accounts app is now available for download ahead of the tax-advantaged investment accounts' July 4 launch. Eligible US children born from 2025 to 2028 will qualify for a $1,000 initial contribution from the Treasury Department, the company said Thursday.UWM (UWMC) said Thursday it urged Two Harbors Investment (TWO) stockholders to vote against the proposed CrossCountry Mortgage merger following the second adjournment of Two Harbors' special meeting to vote on the transaction. UWM shares rose 1.4%, and Two Harbors was down 0.6%.MetLife (MET) and Ares Management (ARES) are at odds over restructuring of Eagle Football Group's debt, Bloomberg reported. Ares, which has provided more than $400 million in financing to Eagle Football, is trying loan restructuring while MetLife is being told to wait longer to get paid back, the report said. MetLife shares were down 1.5%, and Ares shed 0.3%.Apollo Global Management (APO) and other investment firms, including Angelo Gordon and Oaktree Capital, are facing a lawsuit from a rival creditor group alleging they planned illicit financing deals to take collateral from chemical manufacturer Trinseo, The Wall Street Journal reported. Apollo shares were down 1.8%.

$APO$ARES$HOOD$MET$TWO$UWMC
Wire

Robinhood Markets Says Trump Accounts App Available Ahead of July 4 Launch

Robinhood Markets (HOOD) said the official Trump Accounts app is now available for download ahead of the tax-advantaged investment accounts' July 4 launch.Eligible US children born from 2025 to 2028 will qualify for a $1,000 initial contribution from the Treasury Department, the company said Thursday in a statement.Family members and employers can collectively contribute up to $5,000 per year with money automatically invested in a default low-cost index fund, the company said.Account holders will assume control of the assets at age 18 subject to traditional individual retirement account rules, Robinhood said.The Trump Accounts app, available in Apple (AAPL) and Alphabet's Google (GOOG) app stores, was built in partnership with Bank of New York Mellon (BNY) and Robinhood, CNBC reported Thursday, citing a Treasury spokeswoman.Robinhood shares rose 9.1% in Thursday trading, and Bank of New York Mellon gained 0.7%.Price: $83.16, Change: $+6.93, Percent Change: +9.09%

$BNY$HOOD
Sectors

Sector Update: Financial Stocks Softer Late Afternoon

Financial stocks fell in late Wednesday afternoon trading, with the NYSE Financial Index declining 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.7%.The Philadelphia Housing Index rose 1.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 0.1%.Bitcoin (BTC-USD) fell 1.3% to $74,895, and the yield for 10-year US Treasuries declined about 1 basis point to 4.48%.In economic news, Redbook US same-store sales last week jumped 9% from a year earlier after an 8.1% gain in the prior week.The Dallas Federal Reserve's monthly general business services index improved to minus 7.7 in May from minus 9.9 in April, versus the expected minus 6.0.The Richmond Fed's monthly manufacturing index rose to 13 in May from 3 in April, more than the 4 estimate in a Bloomberg survey.In corporate news, JPMorgan Chase (JPM) CEO Jamie Dimon said Wednesday at a conference that the bank's expenses this year could be "closer" to $106 billion, or $1 billion higher than previously projected. Dimon also said that "there might be in the next couple of years a chance to put $10 billion or $20 billion to work buying something," referring to a potential M&A deal, according to a FactSet transcript. JPMorgan shares fell 2.6%.Carlyle (CG) introduced a middle-market aerospace, defense, and industrial investment platform focusing on deals in the US and Europe. Carlyle shares were fractionally higher.Pershing Square's (PS) proposed takeover plan for Universal Music Group should be rejected, Bollore Group, which owns a roughly 18% stake in the music company, said Wednesday. Pershing Square shares were up 0.9%.Robinhood (HOOD) is launching Agentic Trading and Agentic Credit Card, new tools that let users deploy AI agents to trade and make credit purchases on their behalf. Its shares rose 3.4%.

$CG$HOOD$JPM$PS
Sectors

Sector Update: Financial Stocks Decline Wednesday Afternoon

Financial stocks fell in Wednesday afternoon trading with the NYSE Financial Index declining 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.8%.The Philadelphia Housing Index rose 1.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) gained 0.1%.Bitcoin (BTC-USD) fell 1.6% to $74,905, and the yield for 10-year US Treasuries was little changed at 4.49%.In economic news, Redbook US same-store sales last week jumped 9% from a year earlier after an 8.1% gain in the prior week.The Dallas Federal Reserve's monthly general business services index improved to minus 7.7 in May from minus 9.9 in April, versus the expected minus 6.0.The Richmond Fed's monthly manufacturing index rose to 13 in May from 3 in April, more than the 4 estimate in a Bloomberg survey.In corporate news, JPMorgan Chase (JPM) CEO Jamie Dimon said at a conference that acquisition opportunities may emerge in the next couple of years. "We have great businesses and we want to continue to build them," Dimon said, according to a transcript. "But I do think there might be in the next couple of years a chance to put $10 billion or $20 billion to work buying something." JPMorgan shares fell 3%.Robinhood (HOOD) is launching Agentic Trading and Agentic Credit Card, new tools that let users deploy AI agents to trade and make credit purchases on their behalf. The shares rose 1.9%.Carlyle (CG) introduced a middle-market aerospace, defense, and industrial investment platform focusing on deals in the US and Europe. The shares rose 0.5%.

$CG$HOOD$JPM
Sectors

Sector Update: Financial Stocks Edge Higher Premarket Tuesday

Financial stocks were edging higher premarket Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) up 0.3%.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.9% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.1% lower.FinVolution (FINV) shares were up more than 5% after the company reported Q1 adjusted earnings and net revenue that exceeded analysts' expectations.Robinhood Markets (HOOD) has received Canadian Investment Regulatory Organization approval to acquire WonderFi Technologies under a statutory plan of arrangement, WonderFi said. Robinhood Markets stock was up more than 1% pre-bell.Mitsubishi UFJ Financial (MUFG) is exploring options for its majority stake in PT Bank Danamon Indonesia, Bloomberg reported, citing people with knowledge of the matter. Mitsubishi UFJ Financial shares were 0.1% higher premarket.

$FAS$FAZ$FINV$HOOD$MUFG$XLF
Insider Trading

Robinhood Markets Insider Sold Shares Worth $5,082,038, According to a Recent SEC Filing

Baiju Bhatt, Director, on May 20, 2026, sold 67,422 shares in Robinhood Markets (HOOD) for $5,082,038. Following the Form 4 filing with the SEC, Bhatt has control over a total of 2,778 Class A common shares of the company, with 2,778 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1783879/000187091426000011/xslF345X05/wk-form4_1779483458.xml

$HOOD
Elon Musk's SpaceX Files for What Could be Largest IPO in History
US Markets

Elon Musk's SpaceX Files for What Could be Largest IPO in History

Space Exploration Technologies, widely known as SpaceX, has filed for an initial public offering in what could be the largest share listing ever.The rocket and satellite company, founded and led by Tesla (TSLA) Chief Executive Elon Musk, seeks to list its class A shares on the Nasdaq under the ticker SPCX, according to a preliminary prospectus filed with the US Securities and Exchange Commission on Wednesday.The filing did not provide details about a potential IPO size or the expected price range, but The Wall Street Journal reported that SpaceX could raise $80 billion or more as soon as next month. that would eclipse Saudi Aramco's blockbuster IPO in 2019.SpaceX intends to have a dual-class stock structure, with each class A share entitling the holder to a single vote. Class B shareholders will get 10 votes per share. Musk already owns 93.6% of class B shares, the filing showed.SpaceX estimates its quantifiable total addressable market at $28.5 trillion across AI-related markets, space-enabled solutions and connectivity services, according to the filing.The company, which operates satellite internet service provider Starlink, recently acquired artificial intelligence startup xAI.The filing showed SpaceX reported a net loss of $1.69 per share in 2025, compared with a breakeven point in 2024. Revenue increased 33% to $18.67 billion in 2025.AI capital expenditures totaled $12.73 billion in 2025 and $7.72 billion in the first quarter of 2026."The company looks to own more of the physical AI compute stack over time to lower the cost-per-token input for enterprise AI customers," Wedbush Securities said in a note.SpaceX plans to sell a portion of shares directly to retail investors through platforms including Charles Schwab (SCHW), E*TRADE by Morgan Stanley (MS) and Robinhood Markets' (HOOD) Robinhood Financial, according to the filing.Tesla and SpaceX are expected to merge next year, Wedbush analysts including Dan Ives wrote in the Wednesday note."Musk wants to own and control more of the AI ecosystem and step by step the holy grail could be combining SpaceX and Tesla in some way to give the connected tissue between both disruptive tech stalwarts looking to lead the AI revolution," Ives said.Price: $420.26, Change: $+3.00, Percent Change: +0.72%

$HOOD$MS$SCHW$SPCX$TSLA
Wire

DBS Bank Adjusts Price Target on Robinhood Markets to $100 From $165

Robinhood Markets (HOOD) has an average rating of overweight and mean price target of $100.29, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $77.83, Change: $-1.22, Percent Change: -1.54%

$HOOD
Insider Trading

Robinhood Markets Insider Sold Shares Worth $768,908, According to a Recent SEC Filing

Daniel Martin Gallagher Jr, Chief Legal Officer, on May 04, 2026, sold 10,000 shares in Robinhood Markets (HOOD) for $768,908. Following the Form 4 filing with the SEC, Gallagher has control over a total of 432,849 Class A common shares of the company, with 432,849 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1783879/000170556026000011/xslF345X05/wk-form4_1778099543.xml

$HOOD
Wire

Argus Adjusts Price Target on Robinhood Markets to $90 From $102

Robinhood Markets (HOOD) has an average rating of overweight and mean price target of $101.42, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $73.60, Change: $+2.40, Percent Change: +3.36%

$HOOD
Wire

Mizuho Adjusts Price Target on Robinhood Markets to $110 From $115

Robinhood Markets (HOOD) has an average rating of overweight and mean price target of $101.42, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $73.60, Change: $+2.40, Percent Change: +3.36%

$HOOD
Insider Trading

Robinhood Markets Insider Sold Shares Worth $489,687, According to a Recent SEC Filing

Jeffrey Tsvi Pinner, Chief Technology Officer, on April 27, 2026, sold 5,835 shares in Robinhood Markets (HOOD) for $489,687. Following the Form 4 filing with the SEC, Pinner has control over a total of 12,171 Class A common shares of the company, with 12,171 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1783879/000204907726000013/xslF345X05/wk-form4_1777494653.xml

$HOOD
International

US Equity Markets Mixed as Crude Oil Surges, Fed Holds Rates Steady

US equity indexes were mixed on Wednesday after crude oil prices and government bond yields rose amid the increasing likelihood that the Strait of Hormuz will remain blocked and the Fed maintained interest rates unchanged.* President Donald Trump has instructed aides to prepare for an extended blockade of Iran, US officials told The Wall Street Journal.* The Federal Open Market Committee maintained its federal funds rate target at 3.50% to 3.75%, as expected, but four officials dissented, according to its statement Wednesday.* US March housing starts jumped almost 11% to a 1.502 million annual rate from a 1.356 million pace in February, above the 1.38 million rate expected in a Bloomberg-compiled survey.* June West Texas Intermediate crude oil rose $8.01 to settle at $107.94 per barrel, while June Brent crude, the global benchmark, was last seen up $8.69 at $119.95.* NXP Semiconductors (NXPI) shares were up roughly 25% after the company reported overnight higher Q1 non-GAAP earnings and revenue that beat analysts' forecasts in addition to setting higher-than-expected Q2 guidance.* Robinhood (HOOD) shares fell nearly 13% after it reported Q1 earnings and revenue that missed analysts' expectations.

Dow JonesNasdaq CompositeS&P 500$HOOD$NXPI
Sectors

Sector Update: Financial Stocks Mixed Late Afternoon

Financial stocks were mixed in late Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.1%.The Philadelphia Housing Index was falling 1.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.9%.Bitcoin (BTC-USD) was declining 1.4% to $75,268.8, and the yield for 10-year US Treasuries rose 6.2 basis points to 4.42%.In economic news, the Federal Open Market Committee maintained its federal funds rate target at 3.50% to 3.75%, as expected, but four officials dissented, its statement Wednesday afternoon showed.Federal Reserve Chair Jerome Powell said Wednesday at a press conference that he will remain on the Federal Reserve board for a period of time after his term as chair ends on May 15, noting the recent attacks on the Fed and saying that "the things that have happened really in the last three months I think left me no choice but to stay until I see them through at least that long."In corporate news, Blackstone (BX) is planning to integrate its growth business into a new West Coast-based unit that will focus on its AI portfolio and high-growth tech bets, Bloomberg reported, citing an internal company note. Blackstone shares were down 1.6%.PayPal (PYPL) Chief Executive Enrique Lores told managers this week that he is reorganizing the company to make Venmo its own standalone segment within PayPal, CNBC reported. PayPal shares rose 2.6%.Robinhood (HOOD) shares fell past 13% after it reported Q1 earnings and revenue that missed analysts' expectations.Visa (V) shares jumped more than 8% after it lifted its full-year growth outlook and reported better-than-expected fiscal Q2 results.

$BX$HOOD$PYPL$V

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