Sector Update: Financial

MT newswire2026/10/26 12:59

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08:59 AM EDT, 10/26/2026 (MT Newswires) -- Financial stocks were advancing pre-bell Monday, with the State Street Financial Select Sector SPDR ETF (XLF) marginally higher. The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.5% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.2% lower. HSBC (HSBC) plans to merge Hong-Kong based Hang Seng Bank's asset management unit with its fund management business, Reuters reported, citing two unnamed people with direct knowledge of the matter. HSBC stock was up more than 1% premarket.

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According to reports, the trading firm JonesTrading is marketing up to $500 million worth of stock shares on behalf of some investors, at a 3% to 5% premium over the IPO issue price. This indicates that investors are already transferring their anticipated IPO allotted shares before the IPO is officially issued.

华尔街见闻•2026/11/10 23:03

Nvidia continues to plummet, losing $430 billion in market value over two days, with Microsoft temporarily reclaiming the world's second place.

On Tuesday, Nvidia closed down 5.5%, a decline significantly greater than other major tech stocks, making it a key factor dragging down the tech sector's performance. During intraday trading on Tuesday, Microsoft's market capitalization briefly surpassed Nvidia, making it the world's second largest publicly traded company by market value. However, after Anthropic released its office suite, Microsoft's losses widened, causing it to fall behind Nvidia once again.

华尔街见闻•2026/11/10 23:01