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Sector Update: Financial
Mar 11, 2025 12:47 PM

03:26 PM EDT, 03/11/2025 (MT Newswires) -- Financial stocks declined in late Tuesday afternoon trading with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund (XLF) shedding 0.6%.

The Philadelphia Housing Index fell 1.1%, and the Real Estate Select Sector SPDR Fund (XLRE) lost 0.7%.

Bitcoin (BTC-USD) added 5.5% to $83,081, and the yield for 10-year US Treasuries rose 7.5 basis points to 4.288%.

In economic news, job openings rose to 7.74 million in January, according to the Bureau of Labor Statistics, above the 7.6 million expected in a survey compiled by Bloomberg.

In corporate news, Bank of America ( BAC ) cut 150 junior investment banking roles, Reuters reported. The stock eased 0.3%.

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