financetom
Market
financetom
/
Market
/
Sector Update: Financial
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Financial
Apr 29, 2024 8:20 PM

03:24 PM EDT, 04/29/2024 (MT Newswires) -- Financial stocks declined in late Monday afternoon trading, with the NYSE Financial Index shedding 0.2% and the Financial Select Sector SPDR Fund (XLF) down 0.3%.

The Philadelphia Housing Index added 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was 0.6% higher.

Bitcoin (BTC-USD) decreased 0.9% to $62,567, and the yield for 10-year US Treasuries fell 6 basis points to 4.61%.

In economic news, the Dallas Fed's monthly manufacturing index declined to minus 14.5 in April from minus 14.4 in March, compared with expectations for an increase to minus 11.3 in a survey compiled by Bloomberg.

In corporate news, Fulton Financial ( FULT ) shares jumped 7.3% after it said late Friday that it acquired substantially all of the assets and deposits of Republic First Bank from the Federal Deposit Insurance Corp. via its subsidiary Fulton Bank.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
TREASURIES-U.S. bonds build on rally as inflation slows
TREASURIES-U.S. bonds build on rally as inflation slows
May 15, 2024
SINGAPORE, May 16 (Reuters) - U.S. Treasuries rallied in Asia trade on Thursday as signs of cooling inflation and a slowing U.S. economy were seen as opening the door to a couple of interest rate cuts this year. Two-year yields fell three basis points (bps) to touch a six-week low of 4.705%. Ten-year yields, which dropped 9 basis points on...
GRAPHIC-Investors reach for riskier assets as fear seeps out of markets
GRAPHIC-Investors reach for riskier assets as fear seeps out of markets
May 15, 2024
NEW YORK, May 16 (Reuters) - U.S. stocks are at fresh records, bitcoin is soaring and investors are spurning insurance against portfolio declines as evidence that the economy is headed for a so-called soft landing whets market participants' appetite for risk. Call it the Goldilocks trade - a bet that the Federal Reserve will be able to tame inflation while...
Investors reach for riskier assets as fear seeps out of markets
Investors reach for riskier assets as fear seeps out of markets
May 15, 2024
NEW YORK (Reuters) - U.S. stocks are at fresh records, bitcoin is soaring and investors are spurning insurance against portfolio declines as evidence that the economy is headed for a so-called soft landing whets market participants' appetite for risk. Call it the Goldilocks trade - a bet that the Federal Reserve will be able to tame inflation while keeping growth...
Fear & Greed Index In 'Greed' Zone; S&P 500 Hits Record High After April Inflation Report
Fear & Greed Index In 'Greed' Zone; S&P 500 Hits Record High After April Inflation Report
May 15, 2024
The CNN Money Fear and Greed index showed further improvement in overall market sentiment, while the index remained in the “Greed” zone on Wednesday. U.S. stocks settled higher on Wednesday, with the S&P 500 surging to a record high level during the session. On the economic data front, U.S. consumer prices rose 0.3% month-over-month in April compared to 0.4% in...
Copyright 2023-2025 - www.financetom.com All Rights Reserved