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Sector Update: Financial

Aug 1, 2024 1:46 PM

03:30 PM EDT, 08/01/2024 (MT Newswires) -- Financial stocks fell in late Thursday afternoon trading with the NYSE Financial Index dropping 2.1% and the Financial Select Sector SPDR Fund (XLF) retreating 1.7%.

The Philadelphia Housing Index dropped 2.1%, while the Real Estate Select Sector SPDR Fund (XLRE) added 0.8%.

Bitcoin (BTC-USD) declined 2.3% to $63,132, and the yield for 10-year US Treasuries slumped 13 basis points to 3.98%.

In economic news, Clearwater Analytics ( CWAN ) shares jumped 19%, a day after the company posted Q2 non-GAAP net income and revenue gains.

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