Financials Flat as Traders Hedge on Economic Data -- Financials Roundup

Shares of banks and other financial institutions were more or less flat as traders hedged their bets ahead of key economic data.

Recent moves in economic data and interest rates "demonstrates what a tough job this is for the Fed: trying to tweak it just to the right point where they're not creating additional inflation, but keeping [rates] where hopefully we can be more fully employed," said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management.

Joyce said a wave of merger-and-acquisition activity, which has bolstered shares of Wall Street banks, looks set to continue.

China Vanke's shares fell after the Chinese developer's proposals to extend a bond payment were rejected.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

12-15-25 1754ET