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Sector Update: Financial

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Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index down 1.1% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.8%.

The Philadelphia Housing Index dropped 3.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 0.3%.

Bitcoin (BTC-USD) was decreasing 0.2% to $63,732, and the yield for 10-year US Treasuries was rising 4.7 basis points to 4.651%.

In corporate news, Visa (V) shares rose 1.8%. The company reported fiscal Q3 results above consensus estimates as consumer and business spending helped drive annual gains in payments volume.

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Sector Update: Energy Stocks Decline Late Afternoon

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Sector Update: Financial Stocks Rise Late Afternoon

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