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Sector Update: Financial
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Sector Update: Financial
Jul 22, 2024 11:05 AM

01:30 PM EDT, 07/22/2024 (MT Newswires) -- Financial stocks advanced in Monday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both up 0.6%.

The Philadelphia Housing Index added 0.9%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.7%.

Bitcoin (BTC-USD) fell 1.4% to $67,221, and the yield for 10-year US Treasuries rose 3 basis points to 4.27%.

In economic news, the Chicago Federal Reserve Bank's monthly National Activity Index fell to 0.05 in June from 0.23 in May, compared with expectations for minus 0.09 in a survey of analysts compiled by Bloomberg.

In corporate news, Truist Financial ( TFC ) shares rose 3.6% after the company reported Q2 adjusted earnings that topped estimates by analysts.

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