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Sector Update: Financial
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Sector Update: Financial
Jun 7, 2024 12:50 PM

03:27 PM EDT, 06/07/2024 (MT Newswires) -- Financial stocks advanced in late Friday afternoon trading with the NYSE Financial Index little changed and the Financial Select Sector SPDR Fund (XLF) adding 0.6%.

The Philadelphia Housing Index fell 1.2%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.9%.

Bitcoin (BTC-USD) declined 2.8% to $68,816, and the yield for 10-year US Treasuries jumped 15 basis points to 4.43%.

In economic news, the May employment report showed nonfarm payrolls rose by 272,000, above the 180,000 jobs increase expected in a survey compiled by Bloomberg.

In corporate news, Toronto-Dominion Bank ( MLWIQXX ) sued a broker for "abruptly" leaving the bank in late April and taking some business with him but pivoted in a regulatory statement saying he voluntarily resigned amid an internal review of anti-money laundering policies. The bank's shares fell 0.6%.

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