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Sector Update: Financial
Mar 21, 2024 10:41 AM

01:24 PM EDT, 03/21/2024 (MT Newswires) -- Financial stocks advanced Thursday afternoon with the NYSE Financial Index rising 0.8% and the Financial Select Sector SPDR Fund (XLF) ahead 0.9%.

The Philadelphia Housing Index climbed1.8%, and the Real Estate Select Sector SPDR Fund (XLRE) was little changed.

Bitcoin (BTC-USD) declined 1.8% to $66,638, and the yield for 10-year US Treasuries rose 1 basis point to 4.29%.

In economic news, the March flash reading of manufacturing conditions from S&P Global rose to a 21-month high of 52.5 from 52.2 in February, compared with 51.8 expected in a survey compiled by Bloomberg.

Separately, the Conference Board's measure of leading indicators rose 0.1% in February, compared with expectations for a 0.1% drop in a survey compiled by Bloomberg and a 0.4% decrease in January.

In corporate news, Accenture ( ACN ) lowered its full-year revenue growth outlook amid macroeconomic uncertainties as fiscal Q2 sales fell short of market expectations. Its shares tumbled 9.1%.

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