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 Market Rally For 2024 Has Peaked, Goldman Sachs Forecasts 'Flat Return From Now Till The End Of The Year'
Stock Market Rally For 2024 Has Peaked, Goldman Sachs Forecasts 'Flat Return From Now Till The End Of The Year'
May 15, 2024
The stock market rally for 2024 has reached its peak, according to Goldman Sachs ( GS ). The firm’s chief U.S. equity strategist, David Kostin, has predicted a flat return for the S&P 500 for the remainder of the year. What Happened: Kostin mentioned in an interview with Bloomberg TV that there is no economic, valuation, or earnings rationale for...
GRAPHIC-Investors reach for riskier assets as fear seeps out of markets
GRAPHIC-Investors reach for riskier assets as fear seeps out of markets
May 15, 2024
NEW YORK, May 16 (Reuters) - U.S. stocks are at fresh records, bitcoin is soaring and investors are spurning insurance against portfolio declines as evidence that the economy is headed for a so-called soft landing whets market participants' appetite for risk. Call it the Goldilocks trade - a bet that the Federal Reserve will be able to tame inflation while...
Japan's Nikkei rides tech rally higher amid US inflation optimism
Japan's Nikkei rides tech rally higher amid US inflation optimism
May 15, 2024
TOKYO, May 16 (Reuters) - Japan's Nikkei share average rose on Thursday as technology stocks tracked their overseas peers higher after U.S. consumer prices boosted market expectations for the Federal Reserve to cut rates in September. The closely watched U.S. CPI report on Wednesday showed prices increased less than expected in April, suggesting that inflation resumed its downward trend. That...
TREASURIES-U.S. bonds build on rally as inflation slows
TREASURIES-U.S. bonds build on rally as inflation slows
May 15, 2024
SINGAPORE, May 16 (Reuters) - U.S. Treasuries rallied in Asia trade on Thursday as signs of cooling inflation and a slowing U.S. economy were seen as opening the door to a couple of interest rate cuts this year. Two-year yields fell three basis points (bps) to touch a six-week low of 4.705%. Ten-year yields, which dropped 9 basis points on...
Copyright 2023-2026 - www.financetom.com All Rights Reserved