From Nasdaq:

In Friday afternoon trading, financial stocks showed mixed performance, with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund (XLF) down 0.2%. The Philadelphia Housing Index dropped 0.8%, and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.7%.

Furthermore, Bitcoin (BTC-USD) dropped 0.3% to $51,890, while the yield for 10-year US Treasuries rose by 6 basis points to 4.30%. The US producer price index increased by 0.3% last month, following a 0.1% decrease in December, according to the Bureau of Labor Statistics.

In other economic news, the preliminary consumer sentiment index from the University of Michigan rose to 79.6 in February, up from 79 in January, coming in lower than the consensus expectation of 80.

Turning to corporate news, Coinbase (COIN) saw its shares jump nearly 13% after posting Q4 earnings of $1.04 per diluted share, a major improvement from the previous year’s loss of $2.46 share. The company’s revenue rose to $953.8 million, up from $629.1 million a year earlier. This is in comparison to PRA Group (PRAA) which surged 14% after its Q4 earnings report late Thursday.

In contrast, Trupanion (TRUP) plummeted by 26% after disclosing that it anticipates reporting two material weaknesses in internal controls over its financial reporting.



Read more: Financial Sector Update for 02/16/2024: COIN, PRAA, TRUP