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Sector Update: Financial
Jan 2, 2025 12:39 PM

03:26 PM EST, 01/02/2025 (MT Newswires) -- Financial stocks fell in late Thursday afternoon trading with the NYSE Financial Index shedding 0.4% and the Financial Select Sector SPDR Fund (XLF) easing 0.1%.

The Philadelphia Housing Index dropped 1.1%, and the Real Estate Select Sector SPDR Fund (XLRE) declined 0.8%.

Bitcoin (BTC-USD) increased 3.2% to $97,653, and the yield for 10-year US Treasuries little changed at 4.58%.

In economic news, US initial jobless claims last week fell to 211,000 from an upwardly revised 220,000 in the previous week, in contrast with expectations for an increase to 221,000 in a survey compiled by Bloomberg.

The S&P Global US manufacturing index for December was revised upward to 49.4 from the flash reading of 48.3, compared with expectations for no revision in a Bloomberg poll of analysts.

In corporate news, Interactive Brokers ( IBKR ) shares rose 2.9% after daily average revenue trades in December rose 66% to 3.3 million from a year earlier.

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