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Sector Update: Financial
Jun 30, 2025 10:48 AM

01:39 PM EDT, 06/30/2025 (MT Newswires) -- Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 0.5% and the Financial Select Sector SPDR Fund (XLF) ahead 0.6%.

The Philadelphia Housing Index was up 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was shedding 0.3%.

Bitcoin (BTC-USD) was up 0.3% at $107,725, and the yield for 10-year US Treasuries was dropping 4 basis points to 4.24%.

In economic news, Canada rescinded its Digital Services Tax to advance trade talks with the US. "Canada's preference has always been a multilateral agreement related to digital services taxation," Canada's Department of Finance said Sunday.

The Dallas Fed's monthly manufacturing index improved to minus 12.7 in June from minus 15.3 in May, compared with expectations for minus 12.0 in a survey compiled by Bloomberg.

The Institute for Supply Management's Chicago purchasing managers' index fell to 40.4 in June from 40.5 in May, compared with an expected increase to 42.9 in a Bloomberg survey.

In corporate news, Robinhood (HOOD) shares jumped 11% after the firm said it has launched US stock and exchange-traded fund tokens in the EU.

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