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Sector Update: Financial

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Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index down 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.3%.

The Philadelphia Housing Index was climbing 5.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.8%.

Bitcoin (BTC-USD) was dropping 4.6% to $59,574, and the yield for 10-year US Treasuries was falling 8.3 basis points to 4.41%.

In corporate news, Brookfield Asset Management (BAM) and the Artificial Intelligence Infrastructure Partnership are among possible bidders for Stack Infrastructure's data centers in Asia Pacific, Bloomberg reported. Other potential suitors include KKR (KKR), the report said. Brookfield shares were down 3.3%, and KKR shed 1.4%.

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Sector Update: Healthcare Stocks Higher Late Afternoon

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