Sector Update: Financial

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01:35 PM EDT, 03/18/2025 (MT Newswires) -- Financial stocks were decreasing in Tuesday afternoon trading, with the NYSE Financial Index easing 0.2% and the Financial Select Sector SPDR Fund (XLF) off 0.3%.

The Philadelphia Housing Index was shedding 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) fell 0.5%.

Bitcoin (BTC-USD) was declining 3% to $81,590, and the yield for 10-year US Treasuries was dropping 3 basis points to 4.28%.

In economic news, US industrial production rose by 0.7% in February, compared with expectations for a smaller 0.2% increase in a survey compiled by Bloomberg, and following a downwardly revised 0.3% increase in January.

In corporate news, Nasdaq (NDAQ) said Tuesday it plans to open a new regional headquarters in Dallas to serve clients in Texas and the Southeast region. Nasdaq shares rose 0.5%.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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