Sector Update: Financial

MT Newswires Live
Jun 09

Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index shedding 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) down 0.5%.

The Philadelphia Housing Index was declining 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was falling 1.4%.

Bitcoin (BTC-USD) was adding 0.1% to $63,350, and the yield for 10-year US Treasuries was rising 2 basis points to 4.556%.

In corporate news, Goldman Sachs (GS) and JPMorgan Chase (JPM) are exploring trading futures contracts tied to rental prices for graphics processing units, a move that could help lenders manage risks associated with financing AI infrastructure, The Information reported. Goldman shares rose 1.2%, and JPMorgan was down 0.2%.

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