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Sector Update: Financial

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Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.6%.

The Philadelphia Housing Index was climbing 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.5%.

Bitcoin (BTC-USD) was declining 0.9% to $64,771, and the yield for 10-year US Treasuries was decreasing 3.4 basis points to 4.645%.

In corporate news, Bank of Hawaii (BOH) reported higher-than-expected Q2 earnings, but revenue growth fell short of market expectations. Its shares fell 3.9%.

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