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Sector Update: Financial

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Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.6%.

The Philadelphia Housing Index was climbing 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.4%.

Bitcoin (BTC-USD) gained 2.6% to $81,414, and the yield for 10-year US Treasuries was decreasing 2.8 basis points to 4.45%.

In corporate news, Interactive Brokers (IBKR) is launching a platform that enables investors to trade contracts across all three prediction market exchanges from a single platform. The clients can access the combined liquidity of ForecastEx, CME Group (CME), and Kalshi and receive the best available net price. Interactive Brokers shares rose 2.7%.

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