Sector Update: Financial
Financial stocks were advancing in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.9% and the Financial Select Sector SPDR Fund (XLF) ahead 0.7%.
The Philadelphia Housing Index was climbing 1.7%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.8%.
Bitcoin (BTC-USD) was gaining 2.1% to $60,590, and the yield for 10-year US Treasuries was shedding 6 basis points to 3.85%.
In economic news, the US producer price index increased 0.1% month over month in July on a seasonally adjusted basis, compared with the Bloomberg-polled consensus for a 0.2% gain.
In corporate news, New York Community Bancorp (NYCB) shares jumped 8.7% after a regulatory filing showed that it signed separate share-exchange agreements Monday with affiliates of funds managed by Liberty 77 Capital, Hudson Bay Capital Management and Reverence Capital Partners.
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.