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Sector Update: Financial
Apr 3, 2024 12:44 PM

03:23 PM EDT, 04/03/2024 (MT Newswires) -- Financial stocks were mixed in late Wednesday afternoon trading, with the NYSE Financial Index adding 0.3% and the Financial Select Sector SPDR Fund (XLF) down 0.2%.

The Philadelphia Housing Index was climbing 0.9% and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.1%.

Bitcoin (BTC-USD) was increasing 0.5% to $65,792, and the yield for 10-year US Treasuries was down 1 basis point at 4.36%.

In economic news, the Institute for Supply Management's US services index fell to 51.4 in March from 52.6 in February, versus expectations for an increase to 52.8 in a survey compiled by Bloomberg.

Automatic Data Processing said employment in the US private sector grew last month at the quickest pace since July. Private employment advanced 184,000 in March, above the 150,000 increase expected in a survey compiled by Bloomberg.

In corporate news, JPMorgan's ( JPM ) Chase Bank unit on Wednesday launched Chase Media Solutions, a digital tool that allows businesses to connect directly with the bank's 80 million customers. JPMorgan ( JPM ) shares were shedding 0.4%.

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