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Sector Update: Financial
Mar 11, 2024 12:47 PM

03:22 PM EDT, 03/11/2024 (MT Newswires) -- Financial stocks were mixed in late Monday afternoon trading, with the NYSE Financial Index down fractionally and the Financial Select Sector SPDR Fund (XLF) up 0.2%.

The Philadelphia Housing Index was decreasing 0.8% and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.6%.

Bitcoin (BTC-USD) rose 5.4% to $72,754, and the yield for 10-year US Treasuries was up almost 1 basis points to 4.09%.

In economic news, state-level data released by the Bureau of Labor Statistics showed the unemployment rate rose in four states in January, fell in two states, and held steady elsewhere.

In corporate news, KKR (KKR) will buy mdf commerce for about CA$255 million ($189.2 million) in cash and will take the Canadian company private. KKR shares were falling 1%.

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