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Sector Update: Financial
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Sector Update: Financial
Nov 4, 2024 12:57 PM

03:27 PM EST, 11/04/2024 (MT Newswires) -- Financial stocks fell in late Monday afternoon trading with the NYSE Financial Index down 0.2% and the Financial Select Sector SPDR Fund (XLF) off 0.8%.

The Philadelphia Housing Index climbed 1.2%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.9%.

Bitcoin (BTC-USD) declined 1.7% to $67,612, and the yield for 10-year US Treasuries dropped 5 basis points to 4.31%.

In economic news, new orders for US factory goods fell 0.5% in September, as expected in a survey compiled by Bloomberg, and following a revised 0.8% decrease in August.

In corporate news, Affiliated Managers ( AMG ) shares tumbled 9% after the firm's Q3 earnings failed to meet analysts' estimates.

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