financetom
Market
financetom
/
Market
/
Sector Update: Financial Stocks Lower Friday Afternoon
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Financial Stocks Lower Friday Afternoon
Feb 7, 2025 11:12 AM

01:56 PM EST, 02/07/2025 (MT Newswires) -- Financial stocks were decreasing in Friday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each easing 0.3%.

The Philadelphia Housing Index was falling 2.9%, and the Real Estate Select Sector SPDR Fund (XLRE) was off 0.2%.

Bitcoin (BTC-USD) was increasing 1.5% to $97,920, and the yield for 10-year US Treasuries was rising 5.5 basis points to 4.49%.

In economic news, total nonfarm payrolls rose by 143,000 in January, the Bureau of Labor Statistics reported Friday. The consensus was 175,000, according to a survey compiled by Bloomberg.

The University of Michigan's preliminary consumer sentiment index fell to 67.8 in February from 71.1 in January, below expectations for an increase to 71.8 in a survey compiled by Bloomberg.

In corporate news, Reinsurance Group of America ( RGA ) shares fell 8.5%, a day after reporting Q4 adjusted operating income and total revenue that fell short of market expectations.

Dun & Bradstreet ( DNB ) is in talks to be acquired by private equity firm Veritas Capital Fund Management, Bloomberg reported. Dun & Bradstreet ( DNB ) shares dropped 8.2%.

Affirm (AFRM) shares jumped past 21% after it unexpectedly swung to a profit in fiscal Q2 while guiding full-year sales above market consensus.

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