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
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%.

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 >
US STOCKS-Wall St hits one-week high after report of selective Trump tariffs
US STOCKS-Wall St hits one-week high after report of selective Trump tariffs
Jan 6, 2025
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Carmakers up after report Trump aides seeking selective tariffs * Philadelphia SE Semiconductor index hits two-month high * Citigroup ( C/PN ) gains on brokerage upgrade * Indexes up: Dow 0.41%, S&P 500 1.02%, Nasdaq 1.53% (Updates for market...
Lyft Analyst Says 'Buy Into The Story' Despite Tesla, Waymo Competition
Lyft Analyst Says 'Buy Into The Story' Despite Tesla, Waymo Competition
Jan 6, 2025
Late last month, Lyft Inc ( LYFT ) filed a lawsuit against San Francisco for overcharging its ride-hailing services by $100 million in taxes. The stock climbed to $18 after the company reported solid third-quarter results and more evidence to buy into the story is likely to come from its fourth-quarter performance, according to Benchmark. Analyst Daniel Kurnos upgraded the...
US Equity Indexes Rise in Midday Trading Amid Gains in Semiconductor Manufacturers
US Equity Indexes Rise in Midday Trading Amid Gains in Semiconductor Manufacturers
Jan 6, 2025
12:14 PM EST, 01/06/2025 (MT Newswires) -- US equity indexes rose in midday trading Monday as gains in chip stocks boosted the technology sector. The S&P 500 jumped 1.3% to 6,018.1, with the Nasdaq Composite up 1.8% to 19,975.2 and the Dow Jones Industrial Average 0.8% higher at 43,064.3. Communication services and consumer discretionary were among the top gainers. Chip...
US Stocks Open Higher; Dow Jumps Over 200 Points
US Stocks Open Higher; Dow Jumps Over 200 Points
Jan 6, 2025
U.S. stocks traded higher this morning, with the Dow Jones index surging more than 200 points on Monday. Following the market opening Monday, the Dow traded up 0.58% to 42,979.82 while the NASDAQ gained 1.45% to 19,905.93. The S&P 500 also rose, gaining, 1.03% to 6,003.89. Check This Out: This Analyst With 85% Accuracy Rate Sees Around 16% Downside In...
Copyright 2023-2025 - www.financetom.com All Rights Reserved