financetom
Market
financetom
/
Market
/
Sector Update: Financial
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Financial
Dec 27, 2024 10:59 AM

01:27 PM EST, 12/27/2024 (MT Newswires) -- Financial stocks declined in Friday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both falling 1%.

The Philadelphia Housing Index dropped 1.3%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.8%.

Bitcoin (BTC-USD) declined 1.3% to $94,537, and the yield for 10-year US Treasuries rose 3.2 basis points to 4.611%.

In economic news, data released by the US Census Bureau showed the US advance international trade in goods deficit widened to $102.86 billion in November from $98.26 billion in October, a bigger gap than the $101.2 billion deficit expected in a survey compiled by Bloomberg.

In corporate news, Brookfield Asset Management ( BAM ) and co-investors bought a 53% stake in French renewables developer Neoen for 39.85 euros ($41.53) a share, Bloomberg reported. Brookfield shares fell 1.8%.

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 stock indices climb after US payrolls report
US stock indices climb after US payrolls report
Mar 25, 2024
US stock indices gained ground mildly on Friday following the mixed payrolls report. The report showed the US economy added an excellent 275 thousand new jobs in February, compared to estimates of 198 thousand, and after adding 229 thousand jobs in January. The increase in US jobs last month was above the 12-month average of 230 thousand, with gains focused...
Sector Update: Financial
Sector Update: Financial
Mar 25, 2024
03:28 PM EDT, 03/25/2024 (MT Newswires) -- Financial stocks were slipping in late Monday afternoon trading, with the NYSE Financial Index decreasing 0.2% and the Financial Select Sector SPDR Fund (XLF) off 0.3%. The Philadelphia Housing Index was shedding 0.3% and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.4%. Bitcoin (BTC-USD) spiked 5.3% to $70,758, and the...
Japan's Nikkei drifts as chip gains offset Uniqlo owner's retreat
Japan's Nikkei drifts as chip gains offset Uniqlo owner's retreat
Mar 25, 2024
TOKYO, March 26 (Reuters) - Japan's Nikkei share average oscillated between small gains and losses on Tuesday, as gains in chip-related stocks offset declines by heavyweights such as Uniqlo owner Fast Retailing ( FRCOF ) and Nissan Motor ( NSANF ). Three of the Nikkei's four biggest supports were in the semiconductor sphere, led by chipmaking-equipment giant Tokyo Electron (...
Dow Jones is the lone riser as investors assess inflation data
Dow Jones is the lone riser as investors assess inflation data
Mar 25, 2024
Dow Jones gained ground on Wednesday as the NASDAQ and SP 500 both lost ground, with investors assessing latest US inflation data. Earlier US data showed consumer prices rose 3.2% y/y in February, up from 3.1% in January, while analysts expected no change. On a monthly basis, US consumer prices rose 0.4% last month, accelerating from 0.3% in January. Core...
Copyright 2023-2025 - www.financetom.com All Rights Reserved