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Sector Update: Financial
Dec 10, 2024 11:03 AM

01:34 PM EST, 12/10/2024 (MT Newswires) -- Financial stocks were mixed in Tuesday afternoon trading, with the NYSE Financial Index down 0.1% and the Financial Select Sector SPDR Fund (XLF) adding 0.1%.

The Philadelphia Housing Index was falling 1.7%, and the Real Estate Select Sector SPDR Fund (XLRE) was dropping 1.2%.

Bitcoin (BTC-USD) was declining 3.3% to $94,951, and the yield for 10-year US Treasuries was rising 3.5 basis points to 4.23%.

In economic news, the National Federation of Independent Business's monthly Small Business Optimism Index jumped to 101.7 in November from 93.7 in October, above 90.6 from a year ago and the highest since June 2021.

Redbook US same-store sales rose by 4.2% from a year earlier in the week ended Dec. 7, slower than a 7.4% year-over-year increase in the previous week.

In corporate news, UBS (UBS) is restructuring its US wealth management business to serve the affluent in addition to ultra-wealthy clients, The Wall Street Journal reported, citing an email to staff. UBS shares fell 2.4%.

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