Top Financial Stocks
Financial stocks were ending mostly lower this afternoon, with the NYSE Financial Index sinking over 0.8% while shares of financial companies in the S&P 500 were falling more than 1.2%. The Philadelphia Housing Index was off nearly 0.7%.
Among financial stocks moving on news:
(+) S&P Global (SPGI) turned lower this afternoon, giving back a 1% gain that followed the financial data company announcing a pair of acquisitions by its Platts division, including Canadian Enerdata, the publisher of the Canadian Gas Price Reporter. It also purchased the UK-based Live Rice Index, which supplies benchmark price assessments and other information to the rice industry. Financial terms of the acquisitions were not disclosed.
In other sector news:
(+) Consolidated-Tomoka Land Co (CTO) rose 1% higher after Tuesday saying it has acquired the Alpine Valley Music Theatre near Milwaukee for an undisclosed price. The 37,000-seat amphitheater in East Troy, Wisc., operates under an absolute net lease with Live Nation Entertainment (LYV) expiring in 2030.
(+) Terreno Realty (TRNO) was hanging on to a slim rise late in Tuesday trading after the real estate investment trust said it has purchased a 192,000-square-foot industrial property in New York for around $80.5 million. The fully leased property contains two industrial distribution buildings covering six acres in Brooklyn's East Williamsburg neighborhood.
(-) Blackstone Group (BX) declined Tuesday, falling over 2%, after announcing plans, through a subsidiary, for an offering of senior notes to help fund the redemption of all of its outstanding 5.875% senior notes due 2021.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.