us merger and acquisition dollar volume is down 31 to 6676 billion so far in 2023 compared to the yearago level the london stock exchange group said late thursday meanwhile global equity capital markets activity is up 11 to 3049 billion compared to the yearago period china debt capital markets dealmaking is down 10 to 18 trillion the financial select sector spdr etf xlf is up 27 yeartodate and up 57 from its yearago level the spdr sp regional banking etf kre is down 182 in 2023 and lower by 236 in the last year