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Sector Update: Financial

Dec 23, 2024 10:54 AM

01:39 PM EST, 12/23/2024 (MT Newswires) -- Financial stocks were mixed in Monday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both little changed.

The Philadelphia Housing Index rose 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) advancing 0.3%.

Bitcoin (BTC-USD) declined 2% to $93,226, and the yield for 10-year US Treasuries rose 5.5 basis points to 4.579%.

In economic news, the Chicago Federal Reserve Bank's monthly National Activity Index increased to a reading of minus 0.12 in November, as expected in a survey compiled by Bloomberg, following a minus 0.50 reading in October.

US new-home sales accelerated to a 664,000 annual rate in November from an upwardly revised 627,000 rate in October, lower than the 670,000 rate expected in a survey compiled by Bloomberg.

In corporate news, MetLife ( MET ) shares added 0.2% after its MetLife Investment Management unit agreed to buy PineBridge Investments from Pacific Century Group for up to $1.2 billion.

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