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Sector Update: Financial
Jul 5, 2024 9:48 PM

03:26 PM EDT, 07/05/2024 (MT Newswires) -- Financial stocks eased in late Friday afternoon trading with the NYSE Financial Index shedding 0.3% and the Financial Select Sector SPDR Fund (XLF) down 0.2%.

The Philadelphia Housing Index dropped 0.7%, while the Real Estate Select Sector SPDR Fund (XLRE) rose 0.3%.

Bitcoin (BTC-USD) dropped 1% to $56,496, and the yield for 10-year US Treasuries dropped 8 basis points to 4.27%.

In economic news, the June employment report showed nonfarm payrolls rose by 206,000, above the 190,000 increase expected in a survey compiled by Bloomberg.

In corporate news, Carlyle (CG) is in advanced talks to buy Vantive from Baxter (BAX) for over $4 billion, including debt, The Wall Street Journal reported Friday. Carlyle shares were down 0.3% and Baxter jumped 4.3%.

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