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Sector Update: Financial

Aug 2, 2024 11:00 AM

01:31 PM EDT, 08/02/2024 (MT Newswires) -- Financial stocks were falling in Friday afternoon trading, with the NYSE Financial Index dropping 2.7% and the Financial Select Sector SPDR Fund (XLF) sliding 2.6%.

The Philadelphia Housing Index was retreating 2.3%, and the Real Estate Select Sector SPDR Fund (XLRE) was decreasing 0.4%.

Bitcoin (BTC-USD) was declining 3.3% to $63,124, and the yield for 10-year US Treasuries tumbled 16 basis points to 3.82%.

In economic news, nonfarm payrolls expanded 114,000 last month, the Bureau of Labor Statistics said. The consensus was for a 175,000 gain in a survey compiled by Bloomberg.

In corporate news, Dun & Bradstreet ( DNB ) shares jumped 23% as Reuters reported Friday the company is exploring options that may include a potential sale.

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