Sector Update: Financial

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Sector Update: Financial

, MT Newswires - 1:41 PM ET 3/31/2025 default

01:41 PM EDT, 03/31/2025 (MT Newswires) -- Financial stocks were mixed in Monday afternoon trading, with the NYSE Financial Index fractionally lower and the Financial Select Sector SPDR Fund (XLF) up 0.4%.

The Philadelphia Housing Index eased 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 0.4%.

Bitcoin (BTC-USD) was increasing 0.7% to $83,120, and the yield for 10-year US Treasuries was shedding 1 basis point to 4.24%.

In economic news, the Institute for Supply Management's Chicago PMI reading rose to 47.6 in March from 45.5 in February, higher than the expected 45 print in a survey compiled by Bloomberg but still indicating contraction in the sector.

In corporate news, Rocket (RKT) said Monday it agreed to buy Mr. Cooper ( COOP ) in an all-stock deal valued at $9.4 billion. Rocket shares fell nearly 10%, while Mr. Cooper ( COOP ) jumped more than 14%.

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