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Sector Update: Financial
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Sector Update: Financial
Oct 17, 2024 12:58 PM

03:29 PM EDT, 10/15/2024 (MT Newswires) -- Financial stocks were advancing in late Tuesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each rising 0.4%.

The Philadelphia Housing Index was climbing 1.4%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 1.6%.

Bitcoin (BTC-USD) was increasing 1.2% to $66,809, and the yield for 10-year US Treasuries was dropping 4.3 basis points to 4.03%.

In economic news, Redbook US same-store sales rose 5.6% from a year earlier in the week ended Oct. 12, above a 5.4% increase in the previous week.

In corporate news, Charles Schwab ( SCHW ) shares jumped 7% after the company's Q3 adjusted earnings and revenue came in ahead of analysts' estimates.

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