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Sector Update: Financial
Dec 9, 2024 12:48 PM

03:21 PM EST, 12/09/2024 (MT Newswires) -- Financial stocks fell late Monday afternoon trading, with the NYSE Financial Index down 0.7% and the Financial Select Sector SPDR Fund (XLF) shedding 1.1%.

The Philadelphia Housing Index was fractionally lower, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.2%.

Bitcoin (BTC-USD) fell 4.1% to $97,023, and the yield for 10-year US Treasuries rose 5 basis points to 4.20%.

In corporate news, BTC Digital ( BTCT ) shares dropped 4.7%. The company said Monday it completed an underwritten public offering of 2.5 million ordinary shares and prefunded warrants at $8 a share for gross proceeds of $20 million.

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