financetom
Market
financetom
/
Market
/
Sector Update: Financial Stocks Softer Wednesday Afternoon
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Financial Stocks Softer Wednesday Afternoon
Sep 6, 2024 12:31 PM

01:48 PM EDT, 09/04/2024 (MT Newswires) -- Financial stocks were lower in Wednesday afternoon trading with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund (XLF) off 0.2%.

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

Bitcoin (BTC-USD) rose 1.5% to $58,334, and the yield for 10-year US Treasuries dropped 4.9 basis points to 3.787%.

In economic news, US job openings fell to 7.67 million in July, according to the Bureau of Labor Statistics, compared with an increase to 8.1 million expected in a survey compiled by Bloomberg and down from the 7.91 million reported in June.

New orders for US factory goods rebounded 5% in July, above expectations for a 4.8% increase in a survey compiled by Bloomberg and following a 3.3% drop in June.

In regulatory news, the US Securities and Exchange Commission didn't ask the Supreme Court to revive new disclosure requirements for fees charged to investors by hedge funds and private equity firms by the Tuesday deadline, Bloomberg reported.

In corporate news, Enstar ( ESGR ) said the 35-day go-shop period for its $5.1 billion take-private deal by Sixth Street ended Monday without any new offers. Enstar ( ESGR ) shares were falling 0.9%.

Deutsche Bank ( DB ) has expanded its risk transfer portfolio by an additional $1 billion, increasing the underlying leveraged loan exposure to $3 billion, Bloomberg reported Wednesday. Deutsche shares added 0.4%.

Blackstone (BX) said Wednesday that funds managed by its subsidiaries and the Canada Pension Plan Investment Board agreed to buy data center platform AirTrunk from Macquarie Asset Management and the Public Sector Pension Investment Board for 24 billion Australian dollars ($16.11 billion). Blackstone shares were shedding 0.7%.

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 >
US STOCKS-Futures tick up after Wall Street hits record highs
US STOCKS-Futures tick up after Wall Street hits record highs
Mar 22, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Futures up: Dow 0.04%, S&P 0.11%, Nasdaq 0.18% March 22 (Reuters) - U.S. stock index futures inched higher on Friday, setting Wall Street on course for strong weekly gains as investors cheered the Federal Reserve sticking to its rate-easing...
SNAPSHOT-India stocks, rupee, swaps, call at 3:30 p.m. IST
SNAPSHOT-India stocks, rupee, swaps, call at 3:30 p.m. IST
Mar 22, 2024
MUMBAI, March 22 (Reuters) - STOCKS: The benchmark BSE Sensex rose 190.75 points, or 0.26%, to 72,831.94, while the broader NSE index gained 66.1 points, or 0.30%, to 22,078.05, as IT sector bellwether Accenture's revenue warning offset optimism around U.S. Federal Reserve rate cuts. RUPEE: The Indian rupee weakened 0.33% versus the U.S. dollar, and quoted at 83.43 per dollar,...
US STOCKS-Futures edge higher after Wall Street scales record peak
US STOCKS-Futures edge higher after Wall Street scales record peak
Mar 22, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Tesla slips on report co trims car production in China * FedEx ( FDX ) jumps on Q3 profit beat * Nike ( NKE ) falls after revenue forecast disappoints * Futures up: Dow 0.10%, S&P 0.11%, Nasdaq 0.07%...
Futures tick up after Wall Street hits record highs
Futures tick up after Wall Street hits record highs
Mar 22, 2024
(Reuters) - U.S. stock index futures inched higher on Friday, setting Wall Street on course for strong weekly gains as investors cheered the Federal Reserve sticking to its rate-easing stance and awaited commentary from Chair Powell later in the day. All three main U.S. indexes hit fresh record closing highs in the previous session as chip stocks rallied after Micron...
Copyright 2023-2026 - www.financetom.com All Rights Reserved