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Sector Update: Financial
Apr 2, 2024 12:55 PM

03:26 PM EDT, 04/02/2024 (MT Newswires) -- Financial stocks were sliding in late Tuesday afternoon trading, with the NYSE Financial Index decreasing 0.7% and the Financial Select Sector SPDR Fund (XLF) shedding 0.6%.

The Philadelphia Housing Index was falling 2.4%, and the Real Estate Select Sector SPDR Fund (XLRE) was down 1.2%.

Bitcoin (BTC-USD) was tumbling 4.8% to $65,836, and the yield for 10-year US Treasuries was rising 3.4 basis points to 4.36%.

In economic news, US job openings rose to 8.76 million in February, according to the Bureau of Labor Statistics, above the 8.73 million openings expected in a survey compiled by Bloomberg, and up from the 8.75 million openings reported in January.

New orders for US factory goods gained 1.4% in February, above expectations for a 1% increase in a survey compiled by Bloomberg and following a revised 3.8% drop in January.

In corporate news, AllianceBernstein ( AB ) and French bank Societe Generale on Tuesday announced the launch of their joint venture, Bernstein, a global cash equities and investment research business. AllianceBernstein ( AB ) shares rose 1%.

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