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Sector Update: Financial
Sep 26, 2024 2:19 AM

03:21 PM EDT, 09/24/2024 (MT Newswires) -- Financial stocks fell in late Tuesday afternoon trading, with the NYSE Financial Index shedding 0.5% and the Financial Select Sector SPDR Fund (XLF) off 1%.

The Philadelphia Housing Index declined 0.6%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.2%.

Bitcoin (BTC-USD) gained 0.8% to $63,727, and the yield for 10-year US Treasuries was steady at 3.74%.

In economic news, the Conference Board's measure of consumer confidence fell to 98.7 in September from 105.6 in August, below the 104 expected in a survey compiled by Bloomberg.

The Richmond Federal Reserve's monthly manufacturing index fell to minus 21 in September from minus 19 in August, compared with expectations for an increase to minus 12 in a survey compiled by Bloomberg.

In corporate news, the US Department of Justice on Tuesday filed suit in a federal court against Visa (V) for allegedly monopolizing the debit card market. Visa shares dropped 5%.

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