Policy
Financial Stocks Mixed: PCE Rises 0.2%, Core Steady at 3.3%
Financial stocks traded mixed Wednesday afternoon as investors parsed key inflation data. The personal consumption expenditures price index rose 0.2% in July, exceeding expectations and keeping the annual rate at 3.7%. The core measure held steady at 3.3%, aligning with forecasts, while durable goods orders showed a stronger-than-expected rebound.
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- Victory Capital shares gained 4.3% on acquisition news, while WisdomTree rose 1.9% amid positive trends. - Blackstone received European Commission approval for a joint control acquisition, though its shares dipped 0.2%. - Investors monitoring the financial sector may note the mixed performance of ETFs like which was slightly lower, while REITs such as shed 0.4%.
