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Sector Update: Financial
Apr 5, 2024 10:50 AM

01:22 PM EDT, 04/05/2024 (MT Newswires) -- Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index adding 1% and the Financial Select Sector SPDR Fund (XLF) ahead 0.8%.

The Philadelphia Housing Index was climbing 1.3% and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.7%.

Bitcoin (BTC-USD) was steady around $67,886, and the yield for 10-year US Treasuries was rising 6 basis points to 4.37%.

In economic news, nonfarm payrolls rose by 303,000 in March, the Bureau of Labor Statistics reported Friday. The consensus in a survey compiled by Bloomberg was for an increase of 214,000.

In corporate news, a US appeals court on Friday reopened a consumer lawsuit against Coinbase (COIN) that alleges the cryptocurrency exchange facilitated the sale of unregistered securities, Bloomberg reported. Coinbase shares fell 1.7%.

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