Sector Update: Financial

MT Newswires Live10-31

Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index shedding 0.9% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.6%.

The Philadelphia Housing Index was flat, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.6%.

Bitcoin (BTC-USD) was decreasing 0.8% to $77,142, and the yield for 10-year US Treasuries was dropping 5 basis points to 4.939%.

In corporate news, Global Payments (GPN) is the target of a potential take-private bid from Clayton Dubilier & Rice, which has teamed up with the payment processor's largest shareholder on a joint offer for the firm, the Financial Times reported. Shares surged 10%.

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