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Sector Update: Financial

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Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index shedding 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.7%.

The Philadelphia Housing Index was falling 1.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.9%.

Bitcoin (BTC-USD) was rising 1.4% to $80,127, and the yield for 10-year US Treasuries was slightly higher at 4.672%.

In corporate news, Bank of America (BAC), UBS (UBS), and UniCredit are working with private aviation firm Vista Global on a potential initial public offering in Europe that could raise over $1 billion, Bloomberg reported. Bank of America shares were down 1.6%, and UBS was shedding 0.3%.

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Sector Update: Financial Stocks Mixed Late Afternoon

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