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Sector Update: Financial
Jun 11, 2024 1:24 PM

03:26 PM EDT, 06/11/2024 (MT Newswires) -- Financial stocks were in the red late Tuesday afternoon, with the NYSE Financial Index falling 1% and the Financial Select Sector SPDR Fund (XLF) down 1.2%.

The Philadelphia Housing Index was shedding 1.4%, and the Real Estate Select Sector SPDR Fund (XLRE) was steady.

Bitcoin (BTC-USD) slumped 3.6% to $67,118, and the yield for 10-year US Treasuries was 7.1 basis points lower at 4.40%.

In economic news, Redbook US same-store sales rose by 5.5% from a year earlier in the week ended June 8 after a 5.8% year-over-year increase in the previous week.

In corporate news, Affirm (AFRM) shares jumped more than 9% after the company that offers buy now, pay later services at e-commerce checkouts announced an integration with Apple's (AAPL) Apple Pay, though it doesn't expect the partnership to have a material top-line impact in fiscal 2025.

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