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Sector Update: Financial
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Sector Update: Financial
Jan 28, 2025 12:49 PM

03:25 PM EST, 01/28/2025 (MT Newswires) -- Financial stocks were mixed in late Tuesday afternoon trading with both the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) little changed.

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

Bitcoin (BTC-USD) eased 0.1% to $102,156, and the yield for 10-year US Treasuries rose 2.3 basis points to 4.551%.

In economic news, new orders for US durable goods fell 2.2% in December after a decrease of 2% in the previous month, compared with expectations for a 0.6% increase in a survey compiled by Bloomberg.

The Richmond Fed's monthly manufacturing index improved to minus 4 in January from minus 10 in December, compared with expectations for no change in a survey compiled by Bloomberg.

In corporate news, U.S. Bancorp ( USB ) named Gunjan Kedia as chief executive, effective April 15. Kedia succeeds Andy Cecere, who will become executive chairman. The shares dropped 2.5%.

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