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 24, 2025 10:44 AM

01:17 PM EDT, 06/24/2025 (MT Newswires) -- Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each adding 1.5%.

The Philadelphia Housing Index was climbing 1.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.5%.

Bitcoin (BTC-USD) was increasing 3.4% to $105,967, and the yield for 10-year US Treasuries was shedding 2 basis points to 4.30%.

In economic news, US consumer confidence fell in June as views on current and future conditions deteriorated amid uncertainty around the effects of tariffs, the Conference Board said Tuesday. The consumer confidence index dropped by 5.4 points to 93 this month following a sharp gain in May, according to the Conference Board. The consensus in a Bloomberg survey was for a rise to 99.8.

In corporate news, Mastercard ( MA ) said Tuesday it's expanding a partnership with Fiserv ( FI ) to integrate the financial technology and payments company's proposed new FIUSD stablecoin in its products and services. Mastercard ( MA ) shares rose 2.3% and Fiserv ( FI ) was adding 1.3%.

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 2023-2025 - www.financetom.com All Rights Reserved