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Sector Update: Financial Stocks Rise Late Afternoon
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Sector Update: Financial Stocks Rise Late Afternoon
Jan 13, 2025 1:25 PM

03:51 PM EST, 01/13/2025 (MT Newswires) -- Financial stocks rose in late Monday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both adding 0.5%.

The Philadelphia Housing Index climbed 1.5%, and the Real Estate Select Sector SPDR Fund (XLRE) advanced 0.9%.

Bitcoin (BTC-USD) fell 2.4% to $92,171, and the yield for 10-year US Treasuries rose 2.4 basis points to 4.793%.

In corporate news, Blue Owl Capital (OBDC) is leading a $4 billion private credit deal for closely held PCI Pharma Services, Bloomberg reported. Blue Owl Capital shares climbed 1.9%.

CME (CME) reported Monday that international average daily volume reached 7.8 million contracts in 2024, up 14% from the previous year. Its shares added 0.3%.

Goldman Sachs ( GS ) is combining its financing, origination, structuring, and risk management solution activities in the global banking and markets division. Shares rose 0.6%.

Truist Financial ( TFC ) said Chief Operating Officer Hugh Cummins III resigned, effective immediately. Truist shares were rising 0.8%.

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