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Sector Update: Financial
Dec 27, 2024 12:51 PM

03:23 PM EST, 12/27/2024 (MT Newswires) -- Financial stocks were lower late Friday afternoon, with the NYSE Financial Index down 0.6% and the Financial Select Sector SPDR Fund (XLF) shedding 0.9%.

The Philadelphia Housing Index dropped 1.1%, and the Real Estate Select Sector SPDR Fund (XLRE) slipped 0.9%.

Bitcoin (BTC-USD) fell 1.5% to $94,275, while the yield for 10-year US Treasuries rose 4 basis points to 4.62%.

In economic news, data released by the US Census Bureau showed that the US advance international trade in goods deficit widened to $102.86 billion in November from $98.26 billion in October, a bigger gap than the $101.2 billion deficit expected in a survey compiled by Bloomberg.

In corporate news, Source Capital ( SOR ) said Friday its board approved a special dividend of almost $2.66 per share for December as the company realized "substantial capital gains" in 2024. Its shares were fractionally lower.

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