financetom
Market
financetom
/
Market
/
Sector Update: Financial
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Financial
Mar 27, 2025 10:58 AM

01:38 PM EDT, 03/27/2025 (MT Newswires) -- Financial stocks were decreasing in Thursday afternoon trading, with the NYSE Financial Index down 0.3% and the Financial Select Sector SPDR Fund (XLF) off 0.2%.

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

Bitcoin (BTC-USD) was up 0.1% at $87,025, and the yield for 10-year US Treasuries was rising 4 basis points to 4.37%.

In economic news, US gross domestic product growth was revised up to 2.4% for Q4 from a 2.3% increase in the previous estimate, compared with expectations for no revision in a survey compiled by Bloomberg.

In corporate news, Vanguard recently held talks with Carlyle (CG) and Blackstone (BX), among others, to explore potential partnerships that would market private assets to individual investors, Bloomberg reported. Carlyle shares were falling 1.6%, and Blackstone was down 2%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Financial
Sector Update: Financial
Mar 27, 2025
01:38 PM EDT, 03/27/2025 (MT Newswires) -- Financial stocks were decreasing in Thursday afternoon trading, with the NYSE Financial Index down 0.3% and the Financial Select Sector SPDR Fund (XLF) off 0.2%. The Philadelphia Housing Index was shedding 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was slipping 0.2%. Bitcoin (BTC-USD) was up 0.1% at $87,025, and the...
Sector Update: Tech
Sector Update: Tech
Mar 27, 2025
01:38 PM EDT, 03/27/2025 (MT Newswires) -- Tech stocks were in the red Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) shedding 0.9% and the SPDR S&P Semiconductor ETF (XSD) dropping 2.5%. The Philadelphia Semiconductor index fell 2.4%. In corporate news, Kyndryl ( KD ) shares fell past 8% after short-seller Gotham City Research alleged that the company...
Sector Update: Energy
Sector Update: Energy
Mar 27, 2025
01:31 PM EDT, 03/27/2025 (MT Newswires) -- Energy stocks were lower Thursday afternoon, with the NYSE Energy Sector Index down 0.4% and the Energy Select Sector SPDR Fund (XLE) shedding 0.9%. The Philadelphia Oil Service Sector index fell 0.9%, and the Dow Jones US Utilities index was up 0.1%. Front-month West Texas Intermediate crude oil was rising 0.1% to $69.70...
Sector Update: Health Care
Sector Update: Health Care
Mar 27, 2025
01:42 PM EDT, 03/27/2025 (MT Newswires) -- Health care stocks were mixed Thursday afternoon with both the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) little changed. The iShares Biotechnology ETF (IBB) rose 0.2%. In corporate news, Walgreens Boots Alliance ( WBA ) agreed to pay $2.8 million to settle allegations that it violated federal,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved