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Sector Update: Financial
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Sector Update: Financial
Oct 17, 2024 12:22 PM

03:22 PM EDT, 10/14/2024 (MT Newswires) -- Financial stocks advanced in late Monday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both rising 0.6%.

The Philadelphia Housing Index climbed 1.5%, and the Real Estate Select Sector SPDR Fund (XLRE) added 0.8%.

Bitcoin (BTC-USD) increased 5.5% to $65,953, and the yield for 10-year US Treasuries rose 2.5 basis points to 4.098%.

In corporate news, Bank of America ( BAC ) integrated its fintech investment banking team into its technology practice, moving 50 bankers into its 200-member tech group, Bloomberg reported. Bank of America ( BAC ) increased 0.1%.

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