Financial stocks were advancing in afternoon trading, with the NYSE Financial Index climbing 0.5{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} while the SPDR Financial Select Sector ETF was ahead 0.6{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6}.

The Philadelphia Housing Index was falling 0.6{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} and the SPDR Real Estate Select Sector ETF was up 0.4{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6}.

In company news, Allstate (ALL) rose 2.5{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} after the auto and home insurance company reported non-GAAP Q1 net income of $6.11 per share, improving on a $3.73 per share during the same quarter last year and blowing past the Capital IQ consensus expecting a $3.94 per share adjusted profit. Net sales grew 26.6{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} year over year to $12.5 billion, also beating the $10.6 billion Street view.

Rocket (RKT) fell nearly 14{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} after the online mortgage lender reported non-GAAP Q1 net income of $0.89 per share, trailing Wall Street estimates by $0.01 per share.

James River Group Holdings (JRVR) dropped over 31{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} after pricing a $175.2 million public offering of 5.65 million common shares at $31 apiece, or 33.3{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} under Wednesday’s closing price. The insurance holding company also reported a surprise Q1 net loss of $3.54 per share, excluding one-time items, missing the Capital IQ consensus expecting a $0.50 per share adjusted profit.

Previous post World Password Day: How to keep your personal and work data safe
Next post Scania adapts organisation to meet new technology and business models