Financials Higher on Rate Bets -- Financials Roundup

Features Dow Jones Newswires

Banks, lenders and other financial companies rose amid bets jobs data would support an aggressive rate-increase cycle.

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Federal Reserve Bank of San Francisco President John Williams said he anticipates one further interest-rate increase this year and three more in 2018, a more aggressive program than futures markets had priced in until recently.

Shares of the SPDR Select Sector Financial exchange-traded fund, a basket of banks, lenders and financial institutions, rose by more than 1% to its highest level since the financial crisis.

Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

October 05, 2017 17:11 ET (21:11 GMT)