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Sector Update: Financial
Nov 13, 2024 12:46 PM

03:22 PM EST, 11/13/2024 (MT Newswires) -- Financial stocks were mixed in late Wednesday afternoon trading with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund (XLF) rising 0.1%.

The Philadelphia Housing Index climbed 0.1%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.9%.

Bitcoin (BTC-USD) jumped 3% to $90,723, and the yield for 10-year US Treasuries rose rising 2 basis points to 4.45%.

In economic news, the US seasonally adjusted consumer price index rose by 0.2% in October, as expected in a survey compiled by Bloomberg, and following a 0.2% increase in September, the Bureau of Labor Statistics said.

In corporate news, Dave ( DAVE ) shares surged 42%, a day after the company boosted 2024 guidance. B. Riley raised the company's price target to $103 from $63 and maintained the buy rating.

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