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NYSE financial stocks surge, JPMorgan announces hiring plan

EditorAmbhini Aishwarya
Published 03/11/2023, 06:10
Updated 03/11/2023, 06:10

Financial stocks witnessed a significant surge on Thursday, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (NYSEARCA:XLF) recording gains of 2.3% and 2.2%, respectively. Accompanying this rise, the Philadelphia Housing Index and the Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) also saw increases of 3.9% and 3.1%.

JPMorgan Chase & Co. (NYSE:JPM) announced a hiring plan that aims to recruit 1,000 new business bankers by 2025. The news led to a 1.8% rise in its shares.

In contrast, Bitcoin experienced a drop of 1.6%, while the yield for 10-year US Treasuries fell to 4.67%. The US unemployment claims for the week ending Sunday, October 28, were reported at 217,000, which was higher than expected.

In other news, Mr. Cooper Group Inc.'s (NASDAQ:COOP) shares fell by 1.2% following a cybersecurity attack on the company. Markel (NYSE:MKL) Corporation's (NYSE:MKL) shares also experienced a downturn due to missed Q3 operating revenue expectations.

However, Jones Lang LaSalle Incorporated's (NYSE:JLL) shares climbed by an impressive 6.5% after surpassing Q3 revenue projections.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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