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Sector Update: Financial
Jul 2, 2024 12:40 PM

03:28 PM EDT, 07/02/2024 (MT Newswires) -- Financial stocks rose late Tuesday afternoon trading with the NYSE Financial Index up 0.7% and the Financial Select Sector SPDR Fund (XLF) adding 0.8%.

The Philadelphia Housing Index fell 0.4%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.3%.

Bitcoin (BTC-USD) declined 1.3% to $62,022, and the yield for 10-year US Treasuries dropped 4 basis points to 4.44%.

In economic news, US job openings rose to 8.140 million in May from a revised 7.919 million in April and above the 7.946 million expected in a survey compiled by Bloomberg.

In corporate news, Beneficient (BENF) said the US Securities and Exchange Commission is no longer investigating the company and Chief Executive Officer Brad Heppner. The shares rose 2.4%.

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