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Sector Update: Financial

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Financial stocks were slightly lower in Friday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) both down 0.1%.

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

Bitcoin (BTC-USD) was up 0.1% to $63,140, and the yield for 10-year US Treasuries was rising 5.1 basis points to 4.69%.

In economic news, retail sales slid 0.6% in July amid declines in spending on motor vehicles and at gas stations, following a 0.2% increase in June, the Census Bureau reported Friday. The consensus was for 0.1% growth, according to a survey compiled by Bloomberg.

In corporate news, Nu (NU) shares jumped 8.3% after the company reported overnight a year-over-year surge in Q2 net income and revenue.

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Sector Update: Energy Stocks Edge Lower Late Afternoon

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Sector Update: Financial Stocks Rise Late Afternoon

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