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Sector Update: Financial
Jul 29, 2024 10:58 AM

01:39 PM EDT, 07/29/2024 (MT Newswires) -- Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund (XLF) off 0.2%.

The Philadelphia Housing Index was adding 0.3%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.2%.

Bitcoin (BTC-USD) was declining 1.2% to $66,961, and the yield for 10-year US Treasuries was dropping 2.6 basis points to 4.17%.

In economic news, the Dallas Fed's monthly manufacturing index fell to minus 17.5 in July from minus 15.1 in June, compared with expectations for minus 15.5 in a survey compiled by Bloomberg.

In corporate news, Enstar ( ESGR ) shares tumbled 6.4%. The company has agreed to be taken private by a Sixth Street-led consortium in a $5.1 billion deal.

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