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Sector Update: Financial
Mar 31, 2025 12:38 PM

03:21 PM EDT, 03/31/2025 (MT Newswires) -- Financial stocks were higher in late Monday afternoon trading, with the NYSE Financial Index up 0.6% and the Financial Select Sector SPDR Fund (XLF) climbing 1.3%.

The Philadelphia Housing Index rose 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 1.3%.

Bitcoin (BTC-USD) was increasing 0.8% to $83,189, and the yield for 10-year US Treasuries was slightly lower at 4.25%.

In economic news, President Donald Trump will unveil his country-based reciprocal tariffs on Wednesday in the White House Rose Garden, according to media reports Monday, which cited White House Press Secretary Karoline Leavitt.

The Institute for Supply Management's Chicago PMI reading rose to 47.6 in March from 45.5 in February, higher than the expected 45 print in a survey compiled by Bloomberg but still indicating contraction in the sector.

In corporate news, PNC Financial Services ( PNC ) shares climbed 2.2% after HSBC upgraded the stock to buy from hold.

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