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Sector Update: Financial Stocks Mixed Late Afternoon
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Sector Update: Financial Stocks Mixed Late Afternoon
Jun 7, 2024 1:10 PM

03:56 PM EDT, 06/07/2024 (MT Newswires) -- Financial stocks were mixed in late Friday afternoon trading, with the NYSE Financial Index down 0.1% and the Financial Select Sector SPDR Fund (XLF) rising 0.6%.

The Philadelphia Housing Index fell 1.2%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.9%.

Bitcoin (BTC-USD) declined 2.8% to $68,816, and the yield for 10-year US Treasuries jumped 15 basis points to 4.43%.

In economic news, the May employment report showed nonfarm payrolls rose by 272,000, above the 180,000 jobs increase expected in a survey compiled by Bloomberg.

In corporate news, LM Funding America ( LMFA ) shares surged 20% after the firm said it has entered into a collaboration with Arthur Mining to support the development of a new hosting site near Oklahoma City.

Bakkt ( BKKT/WS ) is mulling a potential sale amid a spike in crypto-related takeover activity, Bloomberg reported. Bakkt ( BKKT/WS ) shares were falling 2.5%.

Blue Owl (OWL) shares were up 0.4%. The company said it completed its acquisition of Prima Capital Advisors.

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