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Sector Update: Financial
Feb 10, 2025 12:54 PM

03:27 PM EST, 02/10/2025 (MT Newswires) -- Financial stocks fell in late Monday afternoon trading, with the NYSE Financial Index down 0.4% and the Financial Select Sector SPDR Fund (XLF) off 0.8%.

The Philadelphia Housing Index rose 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.1%.

Bitcoin (BTC-USD) increased 0.7% to $97,110, and the yield for 10-year US Treasuries rose slightly to 4.49%.

In regulatory news, Consumer Financial Protection Bureau Chief Operating Officer Adam Martinez told workers Sunday to work remotely as the agency's Washington D.C. headquarters would be closed through Friday, CNBC reported.

In sector news, the AAA ratings of the World Bank and those of other top multilateral lenders would be at risk if the US pulls support for them, Moody's said, according to Reuters and The Guardian, citing a report from the credit rating company.

In corporate news, Morgan Stanley ( MS ) kicked off a $2.97 billion loan sale for social media platform X, Bloomberg reported. Morgan Stanley ( MS ) shares were down 1.9%.

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