Morgan Stanley, Hyperliquid in gainers; Brazilian stocks, HSBC among decliners: week's financials warp

What happened: Wall Street's major indexes fell at least 1% each this week amid a deep technology trade rout, while the State Street Financial Select Sector SPDR ETF (XLF) advanced as earnings took center stage. Key numbers: Major indexes declined at least 1% each. XLF rose 1.09%. Why it matters: Morgan Stanley, Mitsubishi UFJ, and Mastercard gained, while HSBC fell after missing Q3 estimates. Brazilian financial stocks plunged after Lula's victory overturned expectations of a shift toward more conservative economic policies.

Wall Street's major indexes fell at least 1% each this week amid a deep technology trade rout, while the State Street Financial Select Sector SPDR ETF (XLF) advanced as earnings took center stage.

Morgan Stanley, Mitsubishi UFJ, and Mastercard gained, while HSBC fell after missing Q3 estimates. Brazilian financial stocks plunged after Lula's victory overturned expectations of a shift toward more conservative economic policies.