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Sector Update: Financial
Jan 7, 2025 11:01 AM

01:37 PM EST, 01/07/2025 (MT Newswires) -- Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index up 0.2% and the Financial Select Sector SPDR Fund (XLF) ahead 0.4%.

The Philadelphia Housing Index was shedding 0.8%, and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.4%.

Bitcoin (BTC-USD) was falling 5% to $97,121, and the yield for 10-year US Treasuries was rising 6 basis points to 4.68%.

In economic news, US job openings rose to 8.098 million in November, according to the Bureau of Labor Statistics, above the 7.74 million openings expected in a survey compiled by Bloomberg.

The Institute for Supply Management's US services index rose to a reading of 54.1 in December from 52.1 in November, compared with expectations for a smaller increase to a reading of 53.5 in a survey compiled by Bloomberg.

In corporate news, GFL Environmental ( GFL ) agreed to sell a majority stake in its environmental services business to funds managed by affiliates of Apollo Global Management ( APO ) and BC Partners in a deal worth 8 billion Canadian dollars ($5.59 billion). Apollo shares were down 2.6%, and GFL shed 1.7%.

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