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Sector Update: Financial
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Sector Update: Financial
Jan 29, 2025 12:43 PM

03:24 PM EST, 01/29/2025 (MT Newswires) -- Financial stocks were mixed in late Wednesday afternoon trading, with the NYSE Financial Index easing 0.2% and the Financial Select Sector SPDR Fund (XLF) rising 0.2%.

The Philadelphia Housing Index was falling 2.1%, and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.8%.

Bitcoin (BTC-USD) was adding 1.9% to $103,294, and the yield for 10-year US Treasuries was little changed at around 4.56%.

In economic news, the Federal Reserve on Wednesday held its benchmark lending rate steady, while dropping a reference from its December statement that inflation had made progress. The Federal Open Market Committee kept interest rates in the range of 4.25% to 4.50%, in line with Wall Street's expectations.

In corporate news, CME (CME) said Wednesday that some of its more popular futures products are now available for trading through Robinhood's (HOOD) mobile app. CME shares were shedding 0.5% and Robinhood rose 3.6%.

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