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 >
Stock Of The Day: Will IREN Breakout?
Stock Of The Day: Will IREN Breakout?
Oct 24, 2025
IREN Limited is our Stock of the Day because it may be on the verge of a breakout. This could be a bullish dynamic, suggesting the shares will continue to trade higher (analysts attribute the move to positive brokerage comments). Like all markets, the stock market moves because of shifts in supply and demand. If there is more demand, or shares...
Sector Update: Tech
Sector Update: Tech
Oct 24, 2025
01:07 PM EDT, 10/24/2025 (MT Newswires) -- Tech stocks rose Friday afternoon with the Technology Select Sector SPDR Fund (XLK) increasing 1.7% and the SPDR S&P Semiconductor ETF (XSD) advancing 1.4%. The Philadelphia Semiconductor index climbed 2.3%. In corporate news, Intel ( INTC ) shares rose 1.8%, a day after the chipmaker posted a Q3 profit and reported an unexpected...
Sector Update: Health Care
Sector Update: Health Care
Oct 24, 2025
12:58 PM EDT, 10/24/2025 (MT Newswires) -- Health care stocks rose Friday afternoon, with the NYSE Health Care Index fractionally higher and the Health Care Select Sector SPDR Fund (XLV) up 0.1%. The iShares Biotechnology ETF (IBB) added 0.5%. In corporate news, Eli Lilly ( LLY ) has agreed to buy Adverum Biotechnologies ( ADVM ) , which is developing...
Exchange-Traded Funds Rise as US Equities Reach All-Time Highs After Midday
Exchange-Traded Funds Rise as US Equities Reach All-Time Highs After Midday
Oct 24, 2025
01:07 PM EDT, 10/24/2025 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) was up 1.2%. US equity indexes broke records as consumer price inflation cooled, boosting market expectations of two interest-rate cuts this year. Energy iShares US Energy ETF (IYE) and the Energy Select Sector SPDR (XLE) each...
Copyright 2023-2026 - www.financetom.com All Rights Reserved