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
Jun 3, 2025 12:43 PM

03:20 PM EDT, 06/03/2025 (MT Newswires) -- Financial stocks were edging up in late Tuesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each increasing 0.2%.

The Philadelphia Housing Index was climbing 1.2%, while the Real Estate Select Sector SPDR Fund (XLRE) was shedding 0.3%.

Bitcoin (BTC-USD) was increasing 0.3% to $106,188, and the yield for 10-year US Treasuries was slightly lower at 4.46%.

In economic news, US job openings rose to 7.391 million in April, according to the Bureau of Labor Statistics, higher than the 7.1 million expected in a survey compiled by Bloomberg and up from the 7.2 million reported in March.

New orders for US factory goods declined by 3.7% in April, below expectations for a 3.2% drop in a survey compiled by Bloomberg and following a revised 3.4% increase in March.

The OECD revised global growth projections to 2.9% this year from 3.3% in 2024. It expects US growth to slow to 1.6% this year, revised from the 2.2% forecast in March. At 1.6%, this would mark the weakest pace since the 2020 coronavirus pandemic, Stifel said in a report.

In corporate news, FactSet Research Systems ( FDS ) has appointed Sanoke Viswanathan as chief executive, effective in early September, replacing Phil Snow. FactSet shares were falling 4.8%.

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 >
Copyright 2023-2026 - www.financetom.com All Rights Reserved