financetom
Market
financetom
/
Market
/
Sector Update: Financial
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Tech Stocks Advance Pre-Bell Wednesday
Sector Update: Tech Stocks Advance Pre-Bell Wednesday
May 26, 2025
09:10 AM EDT, 05/14/2025 (MT Newswires) -- Technology stocks advanced pre-bell Wednesday, as the Technology Select Sector SPDR Fund (XLK) was up 0.4% and the SPDR S&P Semiconductor ETF ( XSD ) was 0.3% higher recently. Sony Group ( SONY ) shares rose past 5% after the company reported a higher fiscal Q4 net income and announced a new 50...
Sector Update: Energy
Sector Update: Energy
May 26, 2025
09:04 AM EDT, 05/14/2025 (MT Newswires) -- Energy stocks fell premarket Wednesday with the Energy Select Sector SPDR Fund (XLE) recently declining by 0.4%. The United States Oil Fund (USO) was down 1% and the United States Natural Gas Fund (UNG) was 2.5% lower. Front-month US West Texas Intermediate crude oil was down 1.1% at $62.95 per barrel at the...
Oil Prices Ease on Unexpected Rise in U.S. Inventories
Oil Prices Ease on Unexpected Rise in U.S. Inventories
May 26, 2025
09:04 AM EDT, 05/14/2025 (MT Newswires) -- Oil prices weakened early on Wednesday following a report showing U.S. inventories unexpectedly rose last week, heightening concerns the market is becoming oversupplied, even as OPEC issued another optimistic outlook for demand growth this year. West Texas Intermediate crude oil for June delivery was last seen down US$0.72 to US$62.95 per barrel, while...
US STOCKS-Wall St on track for higher open as trade optimism holds
US STOCKS-Wall St on track for higher open as trade optimism holds
May 26, 2025
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Futures up: Dow 0.19%, S&P 500 0.27%, Nasdaq 0.37% * Three Fed speakers scheduled to speak on Wednesday * American Eagle Outfitters ( AEO ) drops after withdrawing FY forecast (Updates before markets open) By Shashwat Chauhan and Pranav...
Copyright 2023-2026 - www.financetom.com All Rights Reserved