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Sector Update: Financial

Sep 14, 2024 4:36 AM

03:25 PM EDT, 09/13/2024 (MT Newswires) -- Financial stocks rose in late Friday afternoon trading with the NYSE Financial Index adding 0.4% and the Financial Select Sector SPDR Fund (XLF) up 0.3%.

The Philadelphia Housing Index climbed 2.4%, and the Real Estate Select Sector SPDR Fund (XLRE) advanced 0.3%.

Bitcoin (BTC-USD) rose 3% to $59,898, and the yield for 10-year US Treasuries fell 3 basis points to 3.65%.

In economic news, the University of Michigan's preliminary consumer sentiment index rose to 69 in September from 67.9 in August, above the expectations for an increase to 68.5 in a survey compiled by Bloomberg.

In corporate news, SelectQuote ( SLQT ) shares tumbled 45% after its fiscal Q4 net loss narrowed less than forecast.

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