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Sector Update: Financial Stocks Softer Friday Afternoon
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Sector Update: Financial Stocks Softer Friday Afternoon
Jan 31, 2025 11:26 AM

01:45 PM EST, 01/31/2025 (MT Newswires) -- Financial stocks fell in Friday afternoon trading with the NYSE Financial Index down 0.2% and the Financial Select Sector SPDR Fund (XLF) easing 0.3%.

The Philadelphia Housing Index dropped 1.9%, and the Real Estate Select Sector SPDR Fund (XLRE) easing 0.1%.

Bitcoin (BTC-USD) shed 1% to $103,990, and the yield for 10-year US Treasuries rose 2.1 basis point to 4.54%.

In economic news Friday, US Bureau of Economic Analysis data showed the personal consumption expenditures price index rose 0.3% in December, as expected in a survey compiled by Bloomberg.

In corporate news, Visa (V) reported fiscal Q1 non-GAAP earnings late Thursday of $2.75 per diluted share, up from $2.41 a year earlier and above the consensus estimate from analysts surveyed by FactSet of $2.66. The shares rose 0.2%.

WisdomTree ( WT ) reported Q4 adjusted earnings of $0.17 per diluted share, up from $0.11 a year earlier. Analysts polled by FactSet expected $0.18. The shares eased 0.2%.

Deutsche Bank ( DB ) and Strategic Value Partners, among other owners of Celsa Group, will approach Spanish investors for a capital increase for the steelmaker, Bloomberg reported. Deutsche shares shed 1%.

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