Sector Update: Financial-February 2024-www.financetom.com

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Sector Update: Financial

Apr 9, 2024 10:41 AM

01:20 PM EDT, 04/09/2024 (MT Newswires) -- Financial stocks fell in Tuesday afternoon trading with the NYSE Financial Index shedding 0.5% and the Financial Select Sector SPDR Fund (XLF) off 0.8%.

The Philadelphia Housing Index lost 0.3%, while the Real Estate Select Sector SPDR Fund (XLRE) rose 0.7%.

Bitcoin (BTC-USD) dropped 4.1% to $68,685, and the yield for 10-year US Treasuries declined 5.6 basis points to 4.368%.

In economic news, the National Federation of Independent Business optimism index fell to 88.5 in March, the lowest since 2012.

In corporate news, Blue Owl Capital (OWL) shares fell 1.4% after the company said Tuesday it is buying real estate lender Prima Capital Advisors for $170 million.

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