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Sector Update: Financial
Apr 15, 2024 10:56 AM

01:36 PM EDT, 04/15/2024 (MT Newswires) -- Financial stocks fell in Monday afternoon trading with the NYSE Financial Index easing 0.3% and the Financial Select Sector SPDR Fund (XLF) dropping 0.2%.

The Philadelphia Housing Index declined 1.2%, and the Real Estate Select Sector SPDR Fund (XLRE) slumped 1.5%.

Bitcoin (BTC-USD) fell 2.5% to $64,155, and the yield for 10-year US Treasuries jumped 14 basis points to 4.64%.

In economic news, US retail sales last month rose more than expected on a sequential basis as spending at gasoline stations and miscellaneous stores rebounded, Census Bureau data showed. Sales increased 0.7% in March following February's upwardly revised 0.9% gain. Analysts were modeling for a 0.4% increase, according to a consensus survey compiled by Bloomberg.

In corporate news, Goldman Sachs' ( GS ) Q1 results increased from a year earlier, topping market expectations while driven by double-digit gains in investment banking fees. Goldman shares gained 2.8%.

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