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Sector Update: Financial
Mar 15, 2024 10:55 AM

01:34 PM EDT, 03/15/2024 (MT Newswires) -- Financial stocks were mixed in Friday afternoon trading with the NYSE Financial Index down 0.1% and the Financial Select Sector SPDR Fund (XLF) little changed.

The Philadelphia Housing Index climbed 0.9% and the Real Estate Select Sector SPDR Fund (XLRE) dropped 0.4%.

Bitcoin (BTC-USD) fell 4.5% to $68,128, and the yield for 10-year US Treasuries rose 1 basis point to 4.31%.

In economic news, the University of Michigan's preliminary consumer sentiment index slipped to 76.5 in March from 76.9 in February, versus expectations for 77.1 in a survey compiled by Bloomberg.

US industrial production rose 0.1% in February, compared with expectations for a flat reading in a survey compiled by Bloomberg and following a downwardly revised 0.5% decrease in January.

In corporate news, Zillow ( ZG ) shares tumbled 14%, Compass (COMP) dropped 12% and Redfin (RDFN) fell 5.2% after the National Association of Realtors agreed to pay $418 million to settle claims brought on behalf of home sellers related to broker commissions.

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