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Sector Update: Financial
Oct 2, 2024 10:33 PM

03:32 PM EDT, 10/01/2024 (MT Newswires) -- Financial stocks declined in late Tuesday afternoon trading with the NYSE Financial Index shedding 0.4% and the Financial Select Sector SPDR Fund (XLF) down 0.2%.

The Philadelphia Housing Index eased 0.1%, and the Real Estate Select Sector SPDR Fund (XLRE) declined 0.5%.

Bitcoin (BTC-USD) fell 2.4% to $61,859, and the yield for 10-year US Treasuries slumped 5.9 basis points to 3.743%.

In economic news, US job openings rose to 8.04 million in August, according to the Bureau of Labor Statistics, higher than the 7.673 million expected in a survey compiled by Bloomberg.

The Institute for Supply Management's US manufacturing index was unchanged in September from the 47.2 reading in August, compared with expectations for an increase to 47.5 in a survey compiled by Bloomberg.

In corporate news, JPMorgan Chase ( JPM ) partnered with Cliffwater, Shenkman Capital and FS Investments to expand in the $1.7 trillion private credit market, Bloomberg reported. JPMorgan ( JPM ) shares fell 1.5%.

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