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Sector Update: Financial
Feb 4, 2025 12:51 PM

03:19 PM EST, 02/04/2025 (MT Newswires) -- Financial stocks were mixed in late Tuesday afternoon trading with the NYSE Financial Index up 0.2% and the Financial Select Sector SPDR Fund (XLF) easing 0.2%.

The Philadelphia Housing Index gained 0.9%, and the Real Estate Select Sector SPDR Fund (XLRE) fell 0.1%.

Bitcoin (BTC-USD) declined 2.8% to $98,543, and the yield of 10-year US Treasuries dropped 3 basis points to 4.51%.

In economic news, China imposed retaliatory measures on Tuesday after President Donald Trump announced a 10% tariff on Chinese goods over the weekend.

US job openings fell to 7.6 million in December, according to the Bureau of Labor Statistics, lower than the 8 million expected in a Bloomberg survey.

In corporate news, a group of banks led by Morgan Stanley ( MS ) is prepared to boost a sale of loans tied to social media platform X after receiving stronger-than-expected demand from investors, Bloomberg reported. Morgan Stanley ( MS ) shares fell 0.2%.

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