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Sector Update: Financial
Jan 7, 2025 12:42 PM

03:26 PM EST, 01/07/2025 (MT Newswires) -- Financial stocks decreased in late Tuesday afternoon trading with the NYSE Financial Index easing 0.2% and the Financial Select Sector SPDR Fund (XLF) shedding 0.3%.

The Philadelphia Housing Index fell 1.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.8%.

Bitcoin (BTC-USD) declined 5.8% to $96,324, while the yield on 10-year US Treasuries advanced 7 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 54.1 in December from 52.1 in November, compared with expectations for a smaller increase to a 53.5 in a survey compiled by Bloomberg.

In corporate news, Cushman & Wakefield ( CWK ) , Camden Property Trust ( CPT ) , and Blackstone's (BX) LivCor are among landlords facing a lawsuit filed by the US Department of Justice Tuesday for allegedly participating in an algorithmic pricing scheme. Cushman shares fell 4.2%, Camden was down 2.2%, and Blackstone shed 2.3%.

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