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Sector Update: Financial
Feb 7, 2025 11:02 AM

01:42 PM EST, 02/07/2025 (MT Newswires) -- Financial stocks were decreasing in Friday afternoon trading, with the NYSE Financial Index down 0.3% and the Financial Select Sector SPDR Fund (XLF) easing 0.1%.

The Philadelphia Housing Index was falling 2.7%, and the Real Estate Select Sector SPDR Fund (XLRE) was off 0.1%.

Bitcoin (BTC-USD) was increasing 1.8% to $97,906, and the yield for 10-year US Treasuries was rising 5.5 basis points to 4.49%.

In economic news, total nonfarm payrolls rose by 143,000 in January, the Bureau of Labor Statistics reported Friday. The consensus was 175,000, according to a survey compiled by Bloomberg.

The University of Michigan's preliminary consumer sentiment index fell to 67.8 in February from 71.1 in January, below expectations for an increase to 71.8 in a survey compiled by Bloomberg.

In corporate news, Reinsurance Group of America ( RGA ) shares fell 8.5%, a day after reporting Q4 adjusted operating income and total revenue that fell short of market expectations.

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