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Sector Update: Financial
May 7, 2024 12:58 PM

03:33 PM EDT, 05/07/2024 (MT Newswires) -- Financial stocks advanced in late Tuesday afternoon trading with NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both adding 0.3%.

The Philadelphia Housing Index rose 0.4%, and the Real Estate Select Sector SPDR Fund (XLRE) climbed 1%.

Bitcoin (BTC-USD) was down 0.1% to $63,134, and the yield for 10-year US Treasuries fell 3 basis points to 4.46%.

In corporate news, NewtekOne ( NEWT ) shares surged 12%, a day after Q1 results topped market expectations.

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