XLF, the State Street Financial Sel Sec SPDR ETF, gained 0.68% amid mixed performance among financial stocks, while investors focused on inflation data and recent bank earnings.
Shares of HSBC, FirstCash Holdings and Globe Life declined. UWM Holdings, Blackstone and First Citizens Bancshares advanced. Globe Life and FirstCash fell after earnings reports, while gains in the advancing group followed results or guidance updates.
Technology-sector weakness coincided with higher volatility. Investors also considered Consumer Price Index data alongside recent bank earnings.
