Sector Update: Financial

MT Newswires Live01:20

Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.7%.

The Philadelphia Housing Index was shedding 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) gained 1.6%.

Bitcoin (BTC-USD) was adding 0.8% to $64,585, and the yield for 10-year US Treasuries was rising 5.8 basis points to 4.509%.

In corporate news, Morgan Stanley (MS) has identified two sites within the city of Dallas for a phased approach to establishing a large-scale operational hub, according to a city document. Morgan Stanley shares rose 2%.

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