🟢 Financials ETF (BEZ) is trading 10.2% up today as financial stocks fall on higher yields

BEZ is trading at $6.11, up +10.19%, as financial-sector stocks sell off.

• XLF fell 2.04% during regular trading as higher Treasury yields and renewed expectations for additional Federal Reserve rate hikes pressured banks and other financial stocks.
• The 10-year Treasury yield reached approximately 5.11%, its highest since 2007, after stronger PMI data heightened inflation concerns.
• Fears that AI disruption could weaken profitability at banks, insurers, and brokers added pressure.