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Sector Update: Financial
Mar 15, 2024 1:06 PM

03:30 PM EDT, 03/15/2024 (MT Newswires) -- Financial stocks were mixed in late Friday afternoon trading with the NYSE Financial Index adding 0.1% and the Financial Select Sector SPDR Fund (XLF) fractionally lower.

The Philadelphia Housing Index climbed 0.9% and the Real Estate Select Sector SPDR Fund (XLRE) was slightly up.

Bitcoin (BTC-USD) fell 0.2% to $69,687, and the yield for 10-year US Treasuries was little changed at 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, Oportun Financial ( OPRT ) shares tumbled nearly 19%, a day after its Oportun RF unit amended its indenture with Wilmington Trust and following analysts' downgrades.

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