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Sector Update: Financial
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Sector Update: Financial
Dec 31, 2024 10:51 AM

01:33 PM EST, 12/31/2024 (MT Newswires) -- Financial stocks were mixed in Tuesday afternoon trading with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund (XLF) decreasing 0.1%.

The Philadelphia Housing Index was little changed, and the Real Estate Select Sector SPDR Fund (XLRE) eased 0.1%.

Bitcoin (BTC-USD) rose 1.2% to $93,879, and the yield for 10-year US Treasuries climbed 3.8 basis points to 4.58%.

In economic news, the Federal Housing Finance Agency's measure of home prices rose 0.4% in October after an unrevised 0.7% increase in the previous month, as expected in a survey compiled by Bloomberg.

The Case-Shiller National Home Price index fell by 0.2% in October before seasonal adjustment, following a 0.1% decrease in September.

In corporate news, Dave ( DAVE ) shares fell 8.7% after the company denied Justice Department allegations of misleading customers with promises of cash advances, calling the complaint a case of "government overreach."

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