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Sector Update: Financial
Jul 23, 2024 10:50 AM

01:26 PM EDT, 07/23/2024 (MT Newswires) -- Financial stocks advanced in Tuesday afternoon trading with the NYSE Financial Index rising 0.2% and the Financial Select Sector SPDR Fund (XLF) ahead 0.4%.

The Philadelphia Housing Index added 0.4%, and the Real Estate Select Sector SPDR Fund (XLRE) eased 0.1%.

Bitcoin (BTC-USD) declined 2.4% to $65,961, and the yield for 10-year US Treasuries was dropped 3 basis points to 4.23%.

In economic news, the Richmond Federal Reserve's monthly manufacturing index fell to minus 17 in July from minus 10 in June, compared with expectations for an improvement to minus 6 in a Bloomberg survey.

In corporate news, JPMorgan Chase ( JPM ) , Mastercard ( MA ) and Accenture ( ACN ) are among eight companies ordered by the Federal Trade Commission to provide information about the potential impact of surveillance pricing products and services on consumer privacy and protections as well as competition. JPMorgan ( JPM ) shares rose 0.1%, Mastercard ( MA ) fell 1.3% and Accenture ( ACN ) shed 0.9%.

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