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Sector Update: Financial
Dec 23, 2024 12:47 PM

03:17 PM EST, 12/23/2024 (MT Newswires) -- Financial stocks were mixed in late Monday afternoon trading, with the NYSE Financial Index fractionally higher and the Financial Select Sector SPDR Fund (XLF) easing 0.1%.

The Philadelphia Housing Index was marginally higher, while the Real Estate Select Sector SPDR Fund (XLRE) advanced 0.2%.

Bitcoin (BTC-USD) declined 2.7% to $92,593, and the yield for 10-year US Treasuries rose 8 basis points to 4.60%.

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.

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, Rocket (RKT) unit Rocket Homes Real Estate was sued by the US Consumer Financial Protection Bureau for allegedly paying kickbacks to real estate brokers and agents so they could steer prospective borrowers to Rocket Mortgage, the regulator said Monday. Rocket shares fell 3.8%.

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