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Sector Update: Financial
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Sector Update: Financial
Dec 3, 2024 10:55 AM

01:23 PM EST, 12/03/2024 (MT Newswires) -- Financial stocks were decreasing in Tuesday afternoon trading, with the NYSE Financial Index down 0.2% and the Financial Select Sector SPDR Fund (XLF) off 0.4%.

The Philadelphia Housing Index was shedding 0.4%, and the Real Estate Select Sector SPDR Fund (XLRE) was easing 0.1%.

Bitcoin (BTC-USD) was up 0.2% to $95,686, and the yield for 10-year US Treasuries was slightly higher at 4.20%.

In economic news, Redbook US same-store sales jumped 7.4% from a year earlier in the week ended Nov. 30 after a 4.9% year-over-year increase in the previous week. Redbook noted brisk sales on Black Friday and the weekend.

In corporate news, BlackRock ( BLK ) agreed to buy credit investment manager HPS Investment Partners in an all-stock deal worth $12 billion to create an integrated private credit franchise with about $220 billion in client assets. BlackRock ( BLK ) shares popped 1.8%.

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