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Sector Update: Financial
Mar 13, 2024 12:55 PM

03:24 PM EDT, 03/13/2024 (MT Newswires) -- Financial stocks rose late Wednesday afternoon with the NYSE Financial Index adding 0.2% and the Financial Select Sector SPDR Fund (XLF) up 0.5%.

The Philadelphia Housing Index advanced 0.6%, and the Real Estate Select Sector SPDR Fund (XLRE) decreased 0.6%.

Bitcoin (BTC-USD) gained 2.5% to $73,235, and the yield for 10-year US Treasuries rose 3,7 basis points to 4.192%.

In corporate news, Moelis ( MC ) shares rose 3.6% after Goldman Sachs upgraded the company to neutral from sell and raised its price target to $58 from $53.

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