financetom
Market
financetom
/
Market
/
Sector Update: Financial
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Financial
Oct 3, 2024 12:38 AM

01:37 PM EDT, 09/23/2024 (MT Newswires) -- Financial stocks were mixed in Monday afternoon trading, with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund (XLF) off 0.1%.

The Philadelphia Housing Index was rising 0.8%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 0.6%.

Bitcoin (BTC-USD) was declining 0.7% to $63,199, and the yield for 10-year US Treasuries was little changed at 3.74%.

In economic news, the September flash reading of manufacturing conditions from S&P Global fell to a 15-month low of 47.0 from 47.9 in August, below the 48.6 in a survey compiled by Bloomberg. The services conditions index slid to a two-month low of 55.4 in September from 55.7 in August but was slightly above expectations for 55.2. The composite declined to 54.4 in September from 54.6 in August, a two-month low.

In corporate news, Carlyle-backed (CG) StandardAero is looking to sell 46.5 million shares at an anticipated price of $20 to $23 per share in an initial public offering, the company said in a regulatory filing Monday. Carlyle shares were shedding 0.6%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Here's why gold may rise to at least Rs 54,000 in the coming months
Here's why gold may rise to at least Rs 54,000 in the coming months
Apr 24, 2022
Can you still buy or accumulate gold to use geopolitical tensions as an opportunity? Is it a good time to sell your pre-war yellow metal? Analysts are divided over the short-term prospects of gold as an investment and see rates in the Rs 47,000-60,000 per 10 grams or $2,270-2,075 an ounce zone.
ICICI Bank, Tata Motors, Tatva Chintan, Nykaa, Tata Metaliks and more: Top stocks to watch on April 25
ICICI Bank, Tata Motors, Tatva Chintan, Nykaa, Tata Metaliks and more: Top stocks to watch on April 25
Apr 24, 2022
Stocks to watch: A steep sell-off in global equities might spill over to Indian stock market on Monday. This nervousness in the market comes after US Federal Reserve Chairman Jerome Powell indicated that the US central bank was preparing a half-point interest rate hike at its May meeting, with more to come. Further, a sharp drop in SGX Nifty50 futures hinted at a lower opening for Indian benchmark indices today. The futures contract was down 1.2 percent at 16,980.5 points as of 7:21 am. Stocks such as Tata Motors, Tatva Chintan, ICICI Bank, Nykaa, Tata Metaliks, Tejas Networks and Hindustan Zinc among others will be in focus. Here are top stocks to watch out for in today's trading session:
US stocks tumble amid surging dollar as Fed's May meet rate hike take spotlight
US stocks tumble amid surging dollar as Fed's May meet rate hike take spotlight
Apr 24, 2022
The Dow Jones Industrial Average closed down 2.82 percent, while the S&P 500 lost 2.77 percent and the Nasdaq Composite dropped 2.55 percent. The MSCI world equity index, which tracks shares in 45 nations, fell 2.46 percent. The dollar's surge took a toll on fellow safe-haven gold, with spot gold prices falling 0.9 percent to $1,933.94 an ounce. Yields on U.S. Treasury bonds were also on the uptick as traders prepared for higher rates, with short-dated bonds hitting three-year highs in Friday trading.
Trade setup for Apr 25: Can bulls help Nifty50 hold 17,000?
Trade setup for Apr 25: Can bulls help Nifty50 hold 17,000?
Apr 24, 2022
Trade setup for Monday, April 25: The Nifty50 may make a comeback from the lows with support in the 17,000-16,800 band, say experts. Here's what the technical charts suggest for the coming session.
Copyright 2023-2026 - www.financetom.com All Rights Reserved