Sector Update: Financial

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Financial stocks are lower today with the NYSE Financial Sector Index sinking nearly 0.7% and the S&P Financial 100 Index also falling about 1.0%.

In company news, Nasdaq OMX Group Inc. ( NDAQ ) is down 1.25% at $32.49 shortly before the closing bell and the stock exchange operator today announcing a new collaboration with Newfound Research LLC on rules-based, quantitatively enabled investment strategies created by Newfound.

The partnership also includes co-branded indexes available for licensing and use through separately managed accounts and, in some cases, exchange-traded funds.

In other sector news,

(+) GPT, Identifies another $130 million in its investment pipeline in addition to $48 million in gross proceeds from its Oct. 4 private placement of preferred stock.

(+) BRK-A, Made over $10 billion from its investments during the 2008-2009 financial crisis, according to a Wall Street Journal analysis.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: NDAQ

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