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Sector Update: Financial

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Financial stocks advanced in Tuesday afternoon trading, with the NYSE Financial Index rising 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.5%.

The Philadelphia Housing Index eased 0.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was fractionally lower.

Bitcoin (BTC-USD) was increasing 2% to $66,510, and the yield for 10-year US Treasuries was rising 2.8 basis points to 4.626%.

In corporate news, JPMorgan Chase (JPM) and Jefferies Financial (JEF) were among four banks chosen by InMobi to raise about $1 billion as part of an IPO process due to begin later this week, Bloomberg reported. JPMorgan shares rose 1.8%, and Jefferies added 2.5%.

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Sector Update: Energy Stocks Rise Late Afternoon

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