Sector Update: Financial

MT Newswires Live06-27

Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index increasing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.5%.

The Philadelphia Housing Index was up 0.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) climbed 1%.

Bitcoin (BTC-USD) was increasing 0.8% to $60,083, and the yield for 10-year US Treasuries was shedding 1.7 basis points to 4.375%.

In corporate news, KKR (KKR) has signed an agreement with EDF under which it has irrevocably undertaken to acquire the operations and assets of EDF Power Solutions in the US and Canada, EDF said Friday. KKR shares were down 0.9%.

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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