Financials Up, But not by Much, as Traders Await Fed — Financials Roundup
Shares of banks and other financial institutions rose, but not by as much as the broad market, amid concerns about financial stability ahead of the Federal Reserve's rate decision.
Investors in the financial sector have looked past a strong earnings season and are focused on interest-rate risks, said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management.
The U.S. dollar rose against rivals after a surprise election victory from incumbent left-wing Brazilian President Luiz Inacio Lula da Silva caused a crash in the real. The Brazilian currency lost more than 10% against the greenback.
Fair Isaac shares tumbled after the provider of credit scores held its price of $10 for mortgage lenders to use its FICO score, a price more than 10 times that of competitor VantageScore 4.0.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
October 26, 2026 18:03 ET (22:03 GMT)
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