Financial Select Sector SPDR Fund (XLF)
After hours:
| Previous Close | 41.12 |
| Open | 40.92 |
| Bid | 40.82 x 40000 |
| Ask | 40.85 x 42300 |
| Day's Range | 40.53 - 41.03 |
| 52 Week Range | 31.26 - 42.22 |
| Volume | |
| Avg. Volume | 47,292,754 |
| Net Assets | 38.44B |
| NAV | 41.11 |
| PE Ratio (TTM) | 18.55 |
| Yield | 1.52% |
| YTD Daily Total Return | 9.77% |
| Beta (5Y Monthly) | 1.03 |
| Expense Ratio (net) | 0.09% |
| Inception Date | 1998-12-16 |
- Yahoo Finance Video
The market is saying there's no 'growth problem': Strategist
Despite Thursday's weaker-than-expected GDP figure, which hinted at a slowing economy, Truist Co-Chief Investment Officer and Chief Market Strategist Keith Lerner joins Market Domination to explain why this number doesn't accurately reflect the economy's growth trajectory. Lerner argues that the GDP data was fine "underneath the hood," showing that consumers and businesses were still spending, and underlying demand remained robust. He notes, "the market's hanging in there relatively well," emphasizing that a deeper examination of the GDP components revealed "there's still solid economic growth." On the inflation front, Lerner acknowledges that he had anticipated a post-pandemic economic slowdown. However, even with solid growth, he remains optimistic that inflation can be brought down to the 2% target. Addressing concerns about stagflation, he states, "It's a risk, not our base case." Lerner points to the strong performance of the energy (XLE), financials (XLF), and industrials (XLI) sectors as evidence that "the market is telling you that we don't have a growth problem at this point." This market behavior reinforces his view that the underlying economic fundamentals remain robust, despite the weaker GDP reading. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
- Yahoo Finance Video
Stocks dip Friday morning, financials react to bank earnings
Stock market indexes (^DJI, ^IXIC, ^GSPC) open Friday's session lower after a tumultuous trading week driven by March's inflation data. Morning Brief anchors Seana Smith and Brad Smith examine the market action following the opening bell, taking a closer look at the financial sector (XLF) after major banks JPMorgan Chase & Co. (JPM), Citigroup (C), and Wells Fargo (WFC) reported first-quarter earnings this morning. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
Yahoo FinanceEarnings season to test breadth of stock market rally
First quarter earnings reports are expected to show signs that other areas of the market could catch up to tech's growth later in 2024.
