Sector Update: Financial

MT Newswires Live
1 hour ago

Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index decreasing 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.5%.

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

Bitcoin (BTC-USD) was rising 3.1% to $79,166, and the yield for 10-year US Treasuries decreased 1.4 basis points to 4.961%.

In corporate news, Aon (AON) has commenced a US investment-grade debt sale in seven tranches to help fund its planned $17 billion acquisition of USI Insurance Services from KKR (KKR), Bloomberg reported. Aon shares were up 2%.

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