financetom
Market
financetom
/
Market
/
Sector Update: Financial
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Financial
Jul 8, 2024 1:44 PM

03:23 PM EDT, 07/08/2024 (MT Newswires) -- Financial stocks eased in late Monday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each decreasing 0.2%.

The Philadelphia Housing Index added 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) was 0.3% higher.

Bitcoin (BTC-USD) rose 0.7% to $56,223, and the yield for 10-year US Treasuries was slightly lower at 4.27%.

In corporate news, Bain Capital is closing in on a deal to buy Envestnet ( ENV ) in a transaction valuing it at around its current stock price, Reuters reported Monday. Envestnet ( ENV ) shares rose 1%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Homebuilder Stocks Tumble As Housing Starts Fall By 14.7%: 'A Poor Time To Buy A Home,' Says Economist
Homebuilder Stocks Tumble As Housing Starts Fall By 14.7%: 'A Poor Time To Buy A Home,' Says Economist
Apr 16, 2024
Homebuilder stocks face sharp declines as the SPDR Homebuilders ETF drops 1.8% in Tuesday’s session, hitting its lowest level since Feb. 26, 2024, amid negative economic data. From the start of the month, this performance gauge has fallen approximately 10%, marking the first market correction since September 2023 after a significant 60% rally in the six months leading up to...
Top Midday Stories: UnitedHealth, Johnson & Johnson, Bank of America, Morgan Stanley, PNC, Bank of New York Mellon, Northern Trust and Ericsson Report Q1 Earnings; AMD Launches New Processors; Meta's
Top Midday Stories: UnitedHealth, Johnson & Johnson, Bank of America, Morgan Stanley, PNC, Bank of New York Mellon, Northern Trust and Ericsson Report Q1 Earnings; AMD Launches New Processors; Meta's
Apr 16, 2024
12:00 PM EDT, 04/16/2024 (MT Newswires) -- The S&P 500 and the Nasdaq Composite were both down slightly in midday trading while the Dow Jones Industrial Average was up modestly as markets digested a new batch of corporate earnings. In company news, UnitedHealth Group ( UNH ) reported Q1 adjusted earnings Tuesday of $6.91 per share, up from $6.26 a...
US STOCKS-S&P, Nasdaq muted as bond yields rise; UnitedHealth boosts Dow
US STOCKS-S&P, Nasdaq muted as bond yields rise; UnitedHealth boosts Dow
Apr 16, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * UnitedHealth ( UNH ) gains on Q1 profit beat * Fed Chair Jerome Powell to speak at 1:15 pm ET * Indexes: Dow up 0.23%, S&P down 0.13%, Nasdaq down 0.06% (Updated at 11:38 a.m. ET/1538 GMT) By Shashwat...
US Stocks Mixed Ahead of Powell Remarks This Afternoon
US Stocks Mixed Ahead of Powell Remarks This Afternoon
Apr 16, 2024
12:39 PM EDT, 04/16/2024 (MT Newswires) -- US stocks were struggling for direction ahead of comments Tuesday afternoon from Federal Reserve Chair Jerome Powell that may indicate how recent reports showing inflation still running above the central bank's preferred range will affect plans of interest rate cuts. The S&P 500 was marginally down to 5,059. The Nasdaq Composite index was...
Copyright 2023-2025 - www.financetom.com All Rights Reserved