Financial Select Sector SPDR ETF Gains 1.44% in Mixed Week

The State Street Financial Select Sector SPDR ETF (XLF) rose 1.44% for the week as financial shares diverged amid bank earnings, hotter-than-expected inflation data and volatility reflecting technology-sector struggles. IREN Ltd. and some bank shares were among the decliners. Insurers and TransUnion were among the gainers, with partnership news supporting credit-reporting stocks. TransUnion's weekly advance followed Thursday's broad move among credit-reporting shares . Insurance stocks rose after Travelers and Marsh posted strong earnings. Bank shares split: higher deposit costs and fines weighed on some lenders, while better net interest income outlooks supported others. Investors also assessed consumer price index (CPI) data that came in hotter than expected, along with recent bank earnings. A sharp rise in volatility reflected fresh struggles in technology stocks.

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