APLD

Financial Sector Update for 03/08/2024: APLD, KKR, BLK

Financial stocks rose in Friday afternoon trading with the NYSE Financial Index up 0.4% and the Financial Select Sector SPDR Fund (XLF) climbing 0.3%.

The Philadelphia Housing Index fell 0.6%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 1.2%.

Bitcoin (BTC-USD) climbed 2.8% to $68,833, and the yield for 10-year US Treasuries was little changed at 4.089%.

In economic news, nonfarm payrolls rose by 275,000 last month, the Bureau of Labor Statistics reported. The consensus was for a 200,000 gain in a survey compiled by Bloomberg.

In corporate news, Applied Digital (APLD) shares jumped 7.3% after the company extended the negotiation period on the conditional agreement on datacenter capacity at its Ellendale, North Dakota, campus with an anchor tenant until March 30.

KKR's (KKR) Accell Group lenders have selected advisers to assess options for the bicycle manufacturer amid struggles spurred by waning demand and operational hurdles, Bloomberg reported Friday. KKR shares rose 0.3%.

BlackRock (BLK) rose 0.6% after the company agreed to buy the remaining equity interest in SpiderRock Advisors, an asset management firm in Chicago.

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

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