Sector Update: Financial

MT Newswires Live01:36

Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index dropping 1% and the State Street Financial Select Sector SPDR ETF (XLF) falling 1.3%.

The Philadelphia Housing Index rose 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.5%.

Bitcoin (BTC-USD) was decreasing 1.6% to $77,707, and the yield for 10-year US Treasuries was rising/ 4.3 basis points to 4.337%.

In corporate news, Barclays (BCS) has alleged that capital was fraudulently routed across the corporate network of Market Financial Solutions on a significant scale, Bloomberg reported Thursday, citing High Court documents. Barclays shares fell 2.4%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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