financetom
Market
financetom
/
Market
/
Sector Update: Financial Stocks Rise Late Afternoon
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Financial Stocks Rise Late Afternoon
Jun 30, 2025 1:19 PM

03:48 PM EDT, 06/30/2025 (MT Newswires) -- Financial stocks advanced in late Monday afternoon trading, with the NYSE Financial Index rising 0.5% and the Financial Select Sector SPDR Fund (XLF) gaining 0.7%.

The Philadelphia Housing Index edged up 0.1%, and the Real Estate Select Sector SPDR Fund (XLRE) climbed 0.4%.

Bitcoin (BTC-USD) shed 0.8% to $107,520, and the yield for 10-year US Treasuries dropped 5.3 basis points to 4.23%.

In economic news, Canada rescinded its Digital Services Tax to advance trade talks with the US.

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, Morgan Stanley's ( MS ) Saudi Arabia unit received approval to conduct market-making activities, starting Tuesday. Morgan Stanley ( MS ) shares shed 0.3%.

Forestar ( FOR ) said Monday it has begun dual listing its common stock on the newly launched NYSE Texas, while retaining its primary listing on the New York Stock Exchange. Forestar ( FOR ) shares were down 0.7%.

BBVA (BBVA) announced Monday it will move forward with its acquisition of Banco Sabadell despite the Spanish government's recent decision to delay the merger for several years. BBVA shares added 0.5%.

Robinhood (HOOD) shares jumped nearly 12% after the firm said it launched US stock and exchange-traded fund tokens in the EU.

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 >
Safe haven concerns mount as US Treasuries face twin recession and inflation risks - Reuters poll
Safe haven concerns mount as US Treasuries face twin recession and inflation risks - Reuters poll
May 26, 2025
By Sarupya Ganguly BENGALURU (Reuters) - Concerns for the safe haven status of U.S. Treasuries are rising with benchmark 10-year yields expected to drift sideways over the coming year, pinned between trade war-driven recession and inflation, according to a Reuters poll of bond strategists. Since U.S. President Donald Trump's April 2 reciprocal tariff announcement, the 10-year Treasury yield has whipsawed...
Safe haven concerns mount as US Treasuries face twin recession and inflation risks - Reuters poll
Safe haven concerns mount as US Treasuries face twin recession and inflation risks - Reuters poll
May 26, 2025
By Sarupya Ganguly BENGALURU (Reuters) - Concerns for the safe haven status of U.S. Treasuries are rising with benchmark 10-year yields expected to drift sideways over the coming year, pinned between trade war-driven recession and inflation, according to a Reuters poll of bond strategists. Since U.S. President Donald Trump's April 2 reciprocal tariff announcement, the 10-year Treasury yield has whipsawed...
Investors Await Key Inflation Data as US Futures Decline in Tuesday's Premarket
Investors Await Key Inflation Data as US Futures Decline in Tuesday's Premarket
May 26, 2025
07:59 AM EDT, 05/13/2025 (MT Newswires) -- US stock futures are lower in Tuesday's premarket session as investors look ahead to key inflation data coming out later in the morning. The Dow Jones Industrial Average futures were down 0.61%, S&P 500 futures were off 0.26%, and Nasdaq futures were losing 0.15%. Oil prices were moving higher, with front-month global benchmarks...
US STOCKS-US stock futures fall as optimism wanes ahead of key inflation test
US STOCKS-US stock futures fall as optimism wanes ahead of key inflation test
May 26, 2025
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Futures down: Dow 0.41%, S&P 500 0.25%, Nasdaq 0.25% * April CPI due at 08:30 am ET * Coinbase up after firm to join S&P 500 * UnitedHealth ( UNH ) suspends annual forecast, CEO steps down (Updated...
Copyright 2023-2025 - www.financetom.com All Rights Reserved