Sector Update: Financial

MT Newswires Live03:39

Financial stocks were lower in late Tuesday afternoon trading, with the NYSE Financial Index decreasing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) easing 0.2%.

The Philadelphia Housing Index was up 0.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) fell 1.1%.

Bitcoin (BTC-USD) was increasing 0.6% to $80,507, and the yield for 10-year US Treasuries was slightly higher at 4.993%.

In corporate news, Apollo Global Management (APO), Blackstone (BX) and TPG (TPG) held preliminary discussions with Universal Music Group about potentially taking the music company private, Bloomberg reported. Apollo shares were up 0.1%, Blackstone was shedding 1.7%, and TPG was slightly lower.

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