$ICE

39 stories mentioning ICEUpdated 2h ago

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Sector Update: Financial Stocks Advance Late Afternoon

Financial stocks were higher in late Thursday afternoon trading, with the NYSE Financial Index rising 1.1% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.5%.The Philadelphia Housing Index was falling 1.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 1.5%.Bitcoin (BTC-USD) was increasing 1.3% to $64,746, and the yield for 10-year US Treasuries rose 4.1 basis points to 4.663%.In economic news, the US personal consumption expenditure price index fell 0.1% month over month in June, marking the first decline since April 2020, the Bureau of Economic Analysis reported Thursday. That helped cut the year-over-year rate to 3.7% from 4.1%.US real gross domestic product increased at a 1.5% annualized rate in the quarter ended June, according to an advance government estimate released Thursday. The consensus was for 2% growth in a survey compiled by Bloomberg.In corporate news, Intercontinental Exchange (ICE) agreed to buy electronic trading platform MarketAxess (MKTX) for about $6 billion, creating a powerhouse that aims to serve "every segment of the fixed income market." Intercontinental shares rose 1.2%, and MarketAxess surged 29%.Goldman Sachs (GS) Asset Management has launched AlphaAI, an AI investing platform to drive returns in public and private market businesses, Reuters reported. Goldman shares climbed 4.9%.A Morgan Stanley-led (MS) group of banks is in talks to lend $15 billion to a data-center developer to build a campus and power plant for Anthropic in Texas, The Wall Street Journal reported. Morgan Stanley shares rose 3.8%.Mastercard (MA) reported better-than-expected Q2 results on Thursday, buoyed by double-digit growth in cross-border volume and healthy spending. Its shares rose 2.6%.Blue Owl Capital's (OWL) data center firm Stack Infrastructure is seeking a syndicated loan of 8.5 billion Australian dollars ($5.9 billion) to back its third data center project in Melbourne, Bloomberg reported. Blue Owl shares rose 6.2%.

$GS$ICE$MA$MKTX$MS$OWL

Sectors8h ago

Sector Update: Financial Stocks Advance Thursday Afternoon

Financial stocks were higher in Thursday afternoon trading, with the NYSE Financial Index rising 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.4%.The Philadelphia Housing Index was falling 1.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 1.5%.Bitcoin (BTC-USD) was increasing 1.4% to $64,775, and the yield for 10-year US Treasuries was rising 3.5 basis points to 4.657%.In economic news, the personal consumption expenditures, or PCE, price index fell 0.1% in June, as expected, cutting the year-over-year rate to 3.7% from 4.1%. The price index rose by 0.5% month-over-month in May. The core PCE price index climbed 0.1% in June, below the 0.2% gain expected and following a 0.3% growth in May. The year-over-year rate dropped to 3.3% from 3.4%, according to the Bureau of Economic Analysis.US economic growth slowed more than expected in Q2, though consumer spending seemed to shrug off intensifying price measures. Real gross domestic product increased at a 1.5% annualized rate in the quarter ended June, according to an advance estimate released Thursday by the Bureau of Economic Analysis. A survey compiled by Bloomberg indicated a slowdown to 2% from the first quarter's 2.1% rate.In corporate news, Intercontinental Exchange (ICE) agreed to buy electronic trading platform MarketAxess (MKTX) for about $6 billion, creating a powerhouse that aims to serve "every segment of the fixed income market." Intercontinental shares were down 0.1%, and MarketAxess surged 29%.Mastercard (MA) reported better-than-expected Q2 results on Thursday, buoyed by double-digit growth in cross-border volume and healthy spending. Its shares rose 2.8%.Blackstone (BX) agreed to buy a home loan portfolio in Australia from HSBC (HSBC) worth 36 billion Australian dollars ($25 billion), Bloomberg reported. Blackstone shares were down 0.5%, and HSBC gained 4.5%.

$BX$HSBC$ICE$MA$MKTX

Sectors8h ago

Sector Update: Financial

Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.4%.The Philadelphia Housing Index was falling 1.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 1.5%.Bitcoin (BTC-USD) was increasing 1.4% to $64,775, and the yield for 10-year US Treasuries was rising 3.5 basis points to 4.657%.In corporate news, Intercontinental Exchange (ICE) agreed to buy electronic trading platform MarketAxess (MKTX) for about $6 billion, creating a powerhouse that aims to serve "every segment of the fixed income market." Intercontinental shares were down 0.3%, and MarketAxess surged 29%.

$ICE$MKTX

US Markets10h ago

NYSE Parent Intercontinental Exchange to Buy MarketAxess for $6 Billion

Intercontinental Exchange (ICE) agreed to acquire electronic trading platform MarketAxess (MKTX) for $6 billion, creating a powerhouse that aims to serve "every segment of the fixed income market."MarketAxess' shareholders will receive $167 per share in cash, representing a 33% premium over the company's stock price at close on Wednesday, the companies said Thursday. The deal has an equity value of about $6 billion and an enterprise value of $5.7 billion.MarketAxess operates a platform for fixed-income securities, such as corporate and municipal bonds, emerging market debt, and US Treasuries. The firm connects approximately 2,100 institutional investors and broker-dealers across more than 90 countries.ICE is the parent of the New York Stock Exchange.The combined company will offer pre- and post-trade offerings, along with electronic execution for both retail and institutional investors. The merged platform aims to "serve every category of fixed income participant," the companies said."MarketAxess contributes a leading fixed-income trading network and deep market expertise, while ICE brings additional retail and wealth trading protocols, strong data, connectivity, and a broader set of product capabilities," MarketAxess CEO Chris Concannon said.The deal is expected to close in the first half of 2027, subject to MarketAxess stockholder approval and regulatory clearances.Separately, ICE reported second-quarter adjusted earnings per share of $1.90 Thursday, up from $1.81 a year ago and higher than the consensus on FactSet of $1.84. Net revenue rose 5% to $2.67 billion, exceeding Wall Street's $2.63 billion view.The company's exchange segment revenue grew 3% year over year to $1.46 billion, while fixed income and data services rose 8%.MarketAxess also reported second-quarter results Thursday, with non-GAAP EPS decreasing to $1.95 from $2 a year ago. Analysts expected $1.85. Revenue remained "relatively flat" year over year at $218.4 million, the company said, compared with the Street's estimate of $216.7 million.Revenue for the commissions business declined 3% annually to $186.9 million in the second quarter. The information services unit saw a 23% surge, with the post-trade division also posting a gain.MarketAxess' shares surged 30% to $163.13 in Thursday trade, while ICE's stock fell 1.7%."We would expect (MarketAxess) shares to trade close to the $167 offer given the straightforward all-cash structure and ICE's scale/financing certainty, with the main swing factor being antitrust review given the two firms' combined position in electronic fixed income trading and data," Wedbush Securities analyst Michael Piccolo said in a note.Price: $152.10, Change: $-2.18, Percent Change: -1.41%

$ICE$MKTX

Sectors12h ago

Sector Update: Financial Stocks Edge Higher Pre-Bell Thursday

Financial stocks were edging higher pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.1%.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.1% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.3%.Banco Bilbao Vizcaya Argentaria (BBVA) stock was up more than 6% after the company posted higher Q2 adjusted earnings and gross income.ING Groep (ING) shares were up more than 5% after the company posted higher Q2 earnings and total income.Intercontinental Exchange (ICE) said it has entered a definitive agreement to acquire MarketAxess Holdings (MKTX) for $167 per share in cash, representing an enterprise value of about $5.7 billion and an equity value of about $6.0 billion. MarketAxess Holdings stock was up more than 29% premarket.

$BBVA$FAS$FAZ$ICE$ING$MKTX$XLF

Sectors31d ago

Sector Update: Financial Stocks Rise Late Afternoon

Financial stocks increased in late Monday afternoon trading with the NYSE Financial Index up 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.4%.The Philadelphia Housing Index shed 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) fell 1.1%.Bitcoin (BTC-USD) rose 1.4% to $60,264, and the yield for 10-year US Treasuries was little changed at 4.37%.In economic news, the Dallas Fed's monthly manufacturing index fell to 0.0 in June from 0.4 in May, missing expectations for an increase to 1.0.In sector news, the US Supreme Court on Monday upheld a federal court's injunction preventing President Donald Trump from firing Federal Reserve Governor Lisa Cook before the conclusion of litigation.In corporate news, Bank of America's (BAC) Merrill Lynch unit was fined $7.5 million by the US Securities and Exchange Commission for failing to file numerous reports to flag money laundering and other suspicious activity, Reuters reported. Bank of America shares were up 0.2%.Minted is working with JPMorgan Chase (JPM) as the stationery, art and home decor design platform explores a potential sale valued at about $1 billion, Reuters reported. JPMorgan shares added 0.4%.Intercontinental Exchange (ICE) plans to launch economic indicator futures contracts tied to global monetary policy decisions and US natural gas storage reports. ICE shares fell 0.9%.Korn Ferry (KFY) shares fell 2.6%. The company agreed to acquire UK-based talent solutions provider AMS for 850 million British pounds ($1.1 billion) in cash and stock.

$BAC$ICE$JPM$KFY

Sectors31d ago

Sector Update: Financial Stocks Advance Monday Afternoon

Financial stocks increased in Monday afternoon trading, with the NYSE Financial Index fractionally higher and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.4%.The Philadelphia Housing Index was shedding 0.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was falling 1.5%.Bitcoin (BTC-USD) was increasing 1.2% to $60,184, and the yield for 10-year US Treasuries was slightly higher at 4.378%.In economic news, the Dallas Fed's monthly manufacturing index fell to 0.0 in June from 0.4 in May, missing expectations for an increase to 1.0.In sector news, the US Supreme Court on Monday upheld a federal court's injunction preventing President Donald Trump from firing Federal Reserve Governor Lisa Cook before the conclusion of litigation.In corporate news, Minted is working with JPMorgan Chase (JPM) as the stationery, art and home decor design platform explores a potential sale valued at about $1 billion, Reuters reported. JPMorgan shares added 1%.Intercontinental Exchange (ICE) said Monday it plans to launch economic indicator futures contracts tied to global monetary policy decisions and US natural gas storage reports. Intercontinental Exchange shares were down 0.4%.Korn Ferry (KFY) shares fell 2.6% after it said Monday that it agreed to acquire UK-based talent solutions provider AMS in an 850 million British pound ($1.1 billion) deal.

$ICE$JPM$KFY

Sectors31d ago

Sector Update: Financial

Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index fractionally higher and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.4%.The Philadelphia Housing Index was shedding 0.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was falling 1.5%.Bitcoin (BTC-USD) was increasing 1.2% to $60,184, and the yield for 10-year US Treasuries was slightly higher at 4.378%.In corporate news, Intercontinental Exchange (ICE) said Monday it plans to launch economic indicator futures contracts tied to global monetary policy decisions and US natural gas storage reports. Intercontinental Exchange shares were down 0.9%.

$ICE

Wire31d ago

Intercontinental Exchange to Launch Economic Indicator Futures Contracts

Intercontinental Exchange (ICE) said Monday it plans to launch economic indicator futures contracts tied to global monetary policy decisions and US natural gas storage reports.The cash-settled contracts are scheduled to debut on Aug. 10, subject to regulatory approvals, the company said.The new futures will be based on rate decisions from the US Federal Reserve System, European Central Bank and Bank of England, and on US natural gas storage inventory levels, it said. The product codes will include OID, OIS, OIR, EUD, EUS, and EUR.Price: $122.56, Change: $-1.30, Percent Change: -1.05%

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Commodities31d ago

Intercontinental Exchange Plans Economic Indicator Futures Covering Central Banks, Gas Storage

Intercontinental Exchange (ICE) said Monday that it plans to launch its first economic indicator futures contracts on Aug. 10, 2026, pending regulatory approval.Market participants will be able to use the cash-settled, centrally cleared, exchange-traded futures contracts to take positions on specific economic events and policy decisions, ICE said.Scheduled policy meetings at the US Federal Reserve System, European Central Bank, and Bank of England will underpin the new contracts, giving investors exposure to interest-rate decisions across the three central banks.ICE will also base contracts on weekly US natural gas storage data from the US Energy Information Administration, the company said.Pending regulatory approval, ICE plans to launch the contracts on Aug. 10, 2026, under the product codes OID, OIS, OIR, EUD, EUS, EUR, MPL, MPS, MPR and EWP.The new futures build on ICE's recent launch of its Polymarket Signals and Sentiment service, which provides institutional traders with prediction-market data and analytics based on crowdsourced probability estimates."ICE's expansion into economic indicator contracts reflects demand for regulated onshore products that allow customers to take positions on economically relevant risks that shape markets," said Trabue Bland, senior vice president of futures markets at ICE.Price: $123.33, Change: $-0.53, Percent Change: -0.43%

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Sectors31d ago

Sector Update: Financial Stocks Advance Pre-Bell Monday

Financial stocks were advancing pre-bell Monday, with the State Street Financial Select Sector SPDR ETF (XLF) 0.2% higher.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.7% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.1% lower.Intercontinental Exchange (ICE) is adding new futures contracts tied to global monetary-policy decisions and US natural gas storage, Bloomberg reported, citing company executives. Shares of Intercontinental Exchange were up more than 1% premarket.MetLife (MET) expects pre-tax variable investment income of $220 million to $270 million for Q2 and $1.6 billion for full-year 2026, the insurer said in a filing. MetLife stock was 0.3% lower pre-bell.Commerce Bancshares (CBSH) is acquiring Nolan & Associates, a St. Louis-based boutique investment bank, to strengthen its advisory business for middle-market clients, the company said. Commerce Bancshares stock was down 0.2% premarket.

$CBSH$FAS$FAZ$ICE$MET$XLF

Sectors31d ago

Sector Update: Financial

$ICE

Oil & Energy45d ago

Energy Supply Chains May Take Months to Recover After Hormuz Reopens, Argus Media Says

Energy supply chains may take months to recover from recent disruptions despite a peace agreement and the reopening of the Strait of Hormuz, as shipping, production and export operations gradually return to normal, Argus Media analysts said Monday.Vessel owners, operators and insurers will likely wait for evidence of sustained "successful transits" before returning to the waterway, slowing the recovery in commodity flows, Francis Osborne, head of oil analytics at Argus, said.Shipping companies must reposition vessels and crews, while producers across the Middle East Gulf need time to restore damaged export infrastructure and output capacity, Osborne said.Argus Consulting's Oil Fundamentals Outlook assumes that regional crude production will take four to six months to return to near pre-crisis levels, while some facilities may require significant remediation beforehand.Osborne added that alternative export routes through Saudi Arabia's Yanbu and the UAE's Fujairah may continue handling elevated volumes, keeping Hormuz shipments below pre-war levels even after reopening.Some traditional buyers of Middle East crude may diversify their supply sources following the disruption, although demand for inventory replenishment could partially offset weaker traffic through the strait, Osborne said.Refined product markets remain "cautious" despite the prospect of a peace agreement, with Europe, Africa and Asia still waiting for normal supply flows to resume, Benedict George, head of refined product pricing at Argus, said.Europe continues to await jet fuel and diesel cargoes, while Asian buyers seek crude, naphtha and liquefied petroleum gas supplies, and African markets remain focused on diesel and gasoline imports, with "no immediate relief for physical supply in Europe," according to George.If Hormuz remains open under a peace settlement, refined product shipments to key consuming regions could normalize within six weeks, although immediate relief remains unlikely.Tankers require four to six weeks to reach Europe, and many vessels continue using the Cape of Good Hope route to reduce exposure to Houthi violence, George said.George added that the disruption has created a "lasting gap in commercial oil products stocks in Europe," leaving the market more vulnerable to future supply disruptions.Jet fuel premiums have fallen back to pre-war levels, with the July swap trading about $65 per metric ton above July ICE (ICE) gasoil on Monday, Argus head of EMEA jet fuel pricing Amaar Khan said.Strong refinery production, inventory drawdowns and imports from the US and Nigeria have strengthened confidence that supply will satisfy summer demand, Khan added.Market participants appeared relatively calm because traders had already "priced in" the possibility of a peace agreement, although outright fuel prices remain above levels seen before the conflict.Khan added that additional Middle East jet fuel cargoes are unlikely to reach Europe before late July, although returning supply could ease concerns over "post-summer supply," while heavily depleted inventories are unlikely to be rebuilt quickly because supplies will remain relatively tight.Liquefied natural gas exports through the Strait of Hormuz still face significant hurdles despite a peace agreement, according to Martin Serior, head of LNG pricing at Argus, and Natasha Fielding, head of LNG and natural gas pricing at Argus.Qatar's Ras Laffan, the world's largest LNG export facility, may take months to return to full output, while missile strikes have removed 12.8 million metric tons per year of capacity from the 77 mtpa terminal for at least three years.Prompt spreads between Asian and European gas prices have remained largely unchanged, while delayed expansion projects, storage refill requirements and the risk that conflict could "restart again" continue to support prices above pre-war levels, according to the analysts at Argus Media.Price: $141.44, Change: $+1.43, Percent Change: +1.02%

$ICE

Wire48d ago

Market Chatter: SpaceX Options to Start Trading Tuesday After Shares Debut

Space Exploration Technologies (SPCX) options will begin trading Tuesday after the company's shares debuted on Friday, Bloomberg reported.SpaceX options will be listed on Cboe Global Markets (CBOE) and Nasdaq (NDAQ), spokespeople for the exchanges said, according to the report.Other exchanges, including Intercontinental Exchange's (ICE) NYSE and Miami International Holdings, are expected to list the options early next week, 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: $174.97, Change: $+39.97, Percent Change: +29.61%

$CBOE$ICE$NDAQ$SPCX

Commodities51d ago

Astra, Adamant Complete 1st Advanced Fame 0 Trade on Argus Open Markets Platform

Renewable energy firm Astra Energy initiated a deal to buy Advanced Fame 0 fob ARA from Italian firm Adamant on Argus Open Markets on May 28, marking the first transaction for the grade since its launch on the price-discovery platform, Argus Media said Tuesday.The Argus RED Advanced Fame 0 CFPP fob ARA, stands for Fatty Acid Methyl Ester 0 cold filter plugging point for free-on-board delivery in the Amsterdam-Rotterdam-Antwerp hub.It is a daily price assessment for advanced biodiesel produced from waste-based feedstocks eligible under the European Union's Renewable Energy Directive II, Annex IX, Part A, according to Argus.Bulgarian producer Astra initiated the May 28 deal to buy Advanced Fame 0 fob ARA range material from Italian company Adamant, marking the grade's first trade on the platform.Advanced Fame 0 fob ARA grade has a CFPP of 0 degrees Celsius and, like other biodiesel grades such as Fame 0, Used Cooking Oil Methyl Ester, or Ucome, and Rapeseed Methyl Ester or RME, is blended into diesel to help meet renewable energy targets, according to Argus. It is classified by its feedstock base, which consists exclusively of qualifying EU Annex IX Part A waste materials.Market participants have traditionally traded Advanced Fame 0 at a differential to Ucome, Argus said.Under the FOB delivery model, the seller delivers the goods onto the vessel at the named port of shipment. The buyer pays for ocean freight, insurance, and subsequent costs.Intercontinental Exchange (ICE) launched an Argus-settled Advanced Fame 0 futures contract last month, and the contract has already recorded trades.Different regulatory frameworks for the two waste-based fuels have widened supply-demand dynamics, increasing demand for standalone pricing and hedging instruments."We are pleased that market participants are embracing our AOM platform, which offers streamlined trade initiation, aids price transparency and provides a digital footprint that assists compliance," Argus Media Chairman and Chief Executive Adrian Binks said.He added biofuels markets continue to evolve as regulatory mandates take effect, while Argus pricing benchmarks across biofuels, feedstocks and renewable fuels serve as industry standards for risk management and term contracts.Argus operates Open Markets platforms across European and Asian biofuels, liquefied petroleum gas and West African crude oil markets, providing real-time price transparency and trade initiation tools.Price: $141.41, Change: $+2.35, Percent Change: +1.69%

$ICE

Wire57d ago

Intercontinental Exchange Joins Anthropic's Project Glasswing AI Cybersecurity Initiative

Intercontinental Exchange (ICE) said Wednesday it has joined Amazon-backed (AMZN) Anthropic's Project Glasswing, a cybersecurity initiative that gives select organizations access to the AI company's unreleased Claude Mythos Preview model to identify and remediate software vulnerabilities.ICE said it has deployed the model across its businesses including the NYSE, other exchanges, clearinghouses, data services, and its mortgage technology platform."We're advancing the use and sophistication of AI across our cyber security in a manner that is secure, auditable, and designed for regulated industries," said Ben Jackson, president of ICE.Price: $140.62, Change: $-1.76, Percent Change: -1.24%

$AMZN$ICE

Oil & Energy63d ago

ICE Energy Markets Hit Record 130.5 Million Open Interest Contracts

Intercontinental Exchange (ICE) said Wednesday it reached an all-time high open interest of 130.5 million contracts across its futures and options markets, led by double-digit growth in Henry Hub and global power derivatives.Fueled by structural shifts in global energy infrastructure, ICE's commodity markets hit a record open interest of 77 million contracts on May 22, while its broader global energy portfolio climbed 8% year over year to 72 million contracts.Total energy options led the surge, logging a record 31 million open contracts, ICE said.According to exchange data, global natural gas positions peaked at 48 million contracts, marking an 11% year-over-year increase, while global power markets reached an all-time OI high of 4 million contracts on May 25.The growth was driven by North American gas derivatives, where futures and options volumes jumped 11% year-over-year to a record 41.4 million open contracts, it noted.Notably, positions in the US Henry Hub benchmark increased 13% year-over-year, alongside an 8% increase across regional financial gas hubs.Market operators attribute the expanding liquid volumes to commercial participants actively hedging regional basis spreads, localized pipeline constraints, and the shifting maritime trade routes for global LNG cargoes.On the demand side, exchange officials highlighted that rapid data center expansion is introducing a complex layer of structural consumption to power grids.

$ICE

Wire64d ago

Intercontinental Exchange Reports Record Open Interest Contracts in Natural Gas, Power

Intercontinental Exchange (ICE) reported Wednesday record liquidity for its global natural gas and power markets, including record open interest in North American natural gas.ICE said it reached a record 130.5 million open interest contracts for its futures and options markets.On May 22, ICE's global natural gas markets hit a record 48 million open interest contracts, up 11% from a year earlier, while its global power markets hit a record 4 million open interest contracts, a 10% rise from a year earlier.ICE's North American natural gas futures and options markets reached record open interest of 41.4 million, up 11% from a year earlier.Price: $150.14, Change: $-0.49, Percent Change: -0.32%

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Sectors65d ago

Sector Update: Financial Stocks Mixed Late Afternoon

Financial stocks were mixed late Tuesday afternoon, with the NYSE Financial Index rising 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) decreasing 0.2%.The Philadelphia Housing Index climbed 1.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.4%.Bitcoin (BTC-USD) fell 1.8% to $75,824, and the yield for 10-year US Treasuries dropped 6.5 basis points to 4.493%.In economic news, US consumer confidence fell in May amid mounting inflation concerns as the Middle East conflict has stretched for about three months now, a survey by the Conference Board showed Tuesday. The consumer confidence index ticked down to 93.1 this month from April's upwardly revised reading of 93.8. The consensus was for a 92 print in a Bloomberg survey.In corporate news, Webster Financial (WBS) shareholders accepted the $12 billion takeover proposal from Banco Santander (SAN), Bloomberg reported, citing the company's extraordinary investor meeting. Webster shares rose 1.3%, and Santander gained 3.6%.Pershing Square (PS) has a highly resilient and differentiated business model, but its valuation appears elevated at current levels, Oppenheimer said in a note. Oppenheimer initiated coverage with a perform rating. Shares were up 1.4%.Intercontinental Exchange (ICE) said its ICE ETF Hub won regulatory approval to expand operations in Europe and Australia for the receipt and transmission of orders in exchange-traded products. ICE shares fell 1.3%.FinVolution (FINV) shares jumped 11% after the company reported Q1 adjusted earnings and net revenue that exceeded expectations.

$FINV$ICE$PS$SAN$WBS

Sectors65d ago

Sector Update: Financial Stocks Mixed Tuesday Afternoon

Financial stocks were mixed in Tuesday afternoon trading with the NYSE Financial Index rising 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) falling 0.4%.The Philadelphia Housing Index climbed 1.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) increased 0.4%.Bitcoin (BTC-USD) fell 1.4% to $76,197, and the yield for 10-year US Treasuries dropped 5.6 basis points to 4.502%.In sector news, Wall Street lenders are urging the Federal Reserve to formalize recent supervisory changes to reduce the risk of future policy reversals, Reuters reported. Banks want clearer legal backing for the Fed's shift to an "observations" framework, citing concerns over legal ambiguity and potential future policy reversal, the report said.In corporate news, Webster Financial (WBS) shareholders accepted the $12 billion takeover proposal from Banco Santander (SAN), Bloomberg reported, citing the company's extraordinary investor meeting. Webster shares rose 0.9%, and Santander gained 2.7%.Intercontinental Exchange (ICE) said its ICE ETF Hub won regulatory approval to expand operations in Europe and Australia for the receipt and transmission of orders in exchange-traded products. ICE shares fell 1.3%.FinVolution (FINV) shares jumped 7% after the company reported Q1 adjusted earnings and net revenue that exceeded expectations.

$FINV$ICE$SAN$WBS

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