Sector Update: Financial

MT Newswires Live
3 hours ago

Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index decreasing 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.7%.

The Philadelphia Housing Index was falling 1.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 1.3%.

Bitcoin (BTC-USD) was increasing 1.2% to $78,638, and the yield for 10-year US Treasuries was rising 4 basis points to 4.76%.

In corporate news, Aon (AON) has agreed to buy insurance brokerage USI Insurance Services from KKR (KKR) and other shareholders in an all-cash deal worth roughly $17 billion, as the professional services firm aims to boost its presence in the US middle-market insurance segment. Aon shares were down 7.4%, and KKR rose 1.7%.

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