SoftBank’s $4 billion DigitalBridge buyout and Blackstone’s AirTrunk IPO talk kept data centers in focus even as banks lagged the broader market.
US financial stocks slipped Monday, while deal talk around data centers – including SoftBank’s DigitalBridge bid and Blackstone’s plans for AirTrunk – stole the spotlight.
What does this mean?
The NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each fell about 0.5%, even as other gauges were steady: bitcoin dipped 0.2% to $87,494 and the 10-year US Treasury yield eased 2 basis points to 4.11%. Housing-related stocks also lagged, with the Philadelphia Housing Index down 0.8%, while real estate overall held up a bit better – the Real Estate Select Sector SPDR Fund (XLRE) rose 0.2%. The louder signal was where big checks are heading: SoftBan..
