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Sector Update: Financial Stocks Higher Monday Afternoon
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Sector Update: Financial Stocks Higher Monday Afternoon
Jun 30, 2025 11:28 AM

02:02 PM EDT, 06/30/2025 (MT Newswires) -- Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 0.4% and the Financial Select Sector SPDR Fund (XLF) ahead 0.5%.

The Philadelphia Housing Index was up 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was shedding 0.4%.

Bitcoin (BTC-USD) was adding 0.2% to $107,626, and the yield for 10-year US Treasuries was dropping 4.5 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In economic news, Canada rescinded its Digital Services Tax to advance trade talks with the US.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 nearly 12% after the firm said it has launched US stock and exchange-traded fund tokens in the EU.

Goldman Sachs ( GS ) scrapped plans to launch a Mediterranean hotel brand after selling three seaside resorts in northern Greece this spring, barely breaking even on its 100 million euro ($117.1 million) investment, the Wall Street Journal reported Sunday. Goldman shares were rising 2.2%.

Banco Santander (SAN) submitted a binding offer for TSB, the British unit of Banco Sabadell, valuing the lender at more than 2.3 billion British pounds ($3.15 billion), Reuters reported Monday. Santander shares were up 0.4%.

StoneX ( SNEX ) shares were down 0.6% after it said Monday it signed a letter of intent to buy Intercam Advisors and Intercam Securities from Intercam.

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