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Sector Update: Financial
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Sector Update: Financial
Oct 3, 2024 12:46 AM

03:29 PM EDT, 09/23/2024 (MT Newswires) -- Financial stocks were mixed in late Monday afternoon trading with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund (XLF) off 0.2%.

The Philadelphia Housing Index rose 1%, and the Real Estate Select Sector SPDR Fund (XLRE) added 0.7%.

Bitcoin (BTC-USD) eased 0.2% to $63,207, and the yield for 10-year US Treasuries added 1.1 basis points to 3.739%.

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, KKR (KKR) and Blackstone (BX) see significant growth potential for buyout firms in Japan with private equity starting to gain traction, Bloomberg reported. KKR shares shed 0.3%, and Blackstone dropped 0.7%.

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