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Sector Update: Financial
Dec 13, 2024 12:54 PM

03:23 PM EST, 12/13/2024 (MT Newswires) -- Financial stocks eased in late Friday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both down 0.3%.

The Philadelphia Housing Index slid 1.5%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.6%.

Bitcoin (BTC-USD) rose 1.4% to $101,503, and the yield for 10-year US Treasuries rose 8 basis points to 4.40%.

In economic news, US import prices rose 0.1% in November, compared with the 0.2% decrease expected in a survey compiled by Bloomberg and a downwardly revised 0.1% increase in October.

In corporate news, MoneyHero ( MNY ) said Friday that Chief Financial Officer Hao Qian has resigned, effective Sunday. The company has named group finance director, Danny Leung, to serve as interim CFO and launched a formal search process for a permanent CFO. Its shares dropped 3.1%.

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