Sector Update: Financial

MT Newswires Live
18 hours ago

Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each adding 0.7%.

The Philadelphia Housing Index was shedding 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.2%.

Bitcoin (BTC-USD) was falling 1.4% to $85,332, and the yield for 10-year US Treasuries was rising 6 basis points to 5.34%.

In corporate news, Allstate (ALL) is among six major insurers facing a Senate probe into claim payment practices, the Wall Street Journal reported, citing senators' letters. Sen. Elizabeth Warren (D-Mass.) and Sen. Josh Hawley (R-Mo.) asked insurers to disclose claims closed without payment, including formal denials, the report said. Allstate shares were up 0.2%.

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