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Sector Update: Financial
Jan 22, 2025 12:51 PM

03:26 PM EST, 01/22/2025 (MT Newswires) -- Financial stocks fell in late Wednesday afternoon trading with the NYSE Financial Index shedding 0.4% and the Financial Select Sector SPDR Fund (XLF) down 0.3%.

The Philadelphia Housing Index rose 0.3%, and the Real Estate Select Sector SPDR Fund (XLRE) declined 1.6%.

Bitcoin (BTC-USD) fell 1.7% to $104,445, and the yield for 10-year US Treasuries rose 1.8 basis points to 4.60%.

In economic news, the Conference Board's measure of leading indicators fell 0.1% in December, as expected in a survey compiled by Bloomberg.

In corporate news, Goldman Sachs ( GS ) and JPMorgan ( JPM ) are under pressure from activist groups to abandon or trim their diversity, equity and inclusion practices, The Wall Street Journal reported. Goldman shares fell 0.2%, and JPMorgan ( JPM ) was little changed.

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