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Sector Update: Financial
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Sector Update: Financial
Jul 19, 2024 1:09 PM

03:27 PM EDT, 07/19/2024 (MT Newswires) -- Financial stocks were decreasing in late Friday afternoon trading, with the NYSE Financial Index easing 0.5% and the Financial Select Sector SPDR Fund (XLF) shedding 0.9%.

The Philadelphia Housing Index was adding 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) edged up 0.1%.

Bitcoin (BTC-USD) surged 5% to $67,171, and the yield for 10-year US Treasuries was rising 5 basis points to 4.24%.

In corporate news, Green Dot ( GDOT ) shares tumbled 5% after the Federal Reserve fined the company $44 million for unfair and deceptive practices, as well as inadequate compliance risk management.

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