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Sector Update: Financial
Oct 23, 2024 10:33 AM

01:27 PM EDT, 10/23/2024 (MT Newswires) -- Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index down 0.2% and the Financial Select Sector SPDR Fund (XLF) off 0.1%.

The Philadelphia Housing Index was shedding 0.4%, and the Real Estate Select Sector SPDR Fund (XLRE) was declining 0.6%.

Bitcoin (BTC-USD) was falling 2.4% to $65,794, while the yield for 10-year US Treasuries was rising 2 basis points to 4.23%.

In economic news, the pace of US existing-home sales fell 1% to a 3.84 million seasonally adjusted annual rate in September from 3.88 million in August, data from the National Association of Realtors showed. The average forecast was 3.88 million in a survey compiled by Bloomberg.

In corporate news, Goldman Sachs ( GS ) and Apple ( AAPL ) were ordered by the Consumer Financial Protection Bureau to pay over $89 million for alleged breakdowns in customer service and misrepresentations that impacted hundreds of thousands of Apple Card users, the agency said Wednesday. Goldman shares fell 0.5% and Apple ( AAPL ) was dropping 2.5%.

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