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Sector Update: Financial
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Sector Update: Financial
Feb 6, 2025 10:58 AM

01:31 PM EST, 02/06/2025 (MT Newswires) -- Financial stocks rose in Thursday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both gaining 0.7%.

The Philadelphia Housing Index fell 0.4%, and the Real Estate Select Sector SPDR Fund (XLRE) climbed 0.2%.

Bitcoin (BTC-USD) declined 0.3% to $96,355, and the yield for 10-year US Treasuries rose 1.4 basis points to 4.436%.

In economic news, US initial jobless claims last week rose to 219,000 from an upwardly revised 208,000 in the previous week, compared with expectations for 213,000 in a survey of analysts compiled by Bloomberg.

In corporate news, Paysafe ( PSFE ) shares jumped 19% after Bloomberg reported the company is weighing a sale after receiving takeover interest.

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