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Sector Update: Financial Stocks Advance Monday Afternoon

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Financial stocks increased in Monday afternoon trading, with the NYSE Financial Index fractionally higher and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.4%.

The Philadelphia Housing Index was shedding 0.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was falling 1.5%.

Bitcoin (BTC-USD) was increasing 1.2% to $60,184, and the yield for 10-year US Treasuries was slightly higher at 4.378%.

In economic news, the Dallas Fed's monthly manufacturing index fell to 0.0 in June from 0.4 in May, missing expectations for an increase to 1.0.

In sector news, the US Supreme Court on Monday upheld a federal court's injunction preventing President Donald Trump from firing Federal Reserve Governor Lisa Cook before the conclusion of litigation.

In corporate news, Minted is working with JPMorgan Chase (JPM) as the stationery, art and home decor design platform explores a potential sale valued at about $1 billion, Reuters reported. JPMorgan shares added 1%.

Intercontinental Exchange (ICE) said Monday it plans to launch economic indicator futures contracts tied to global monetary policy decisions and US natural gas storage reports. Intercontinental Exchange shares were down 0.4%.

Korn Ferry (KFY) shares fell 2.6% after it said Monday that it agreed to acquire UK-based talent solutions provider AMS in an 850 million British pound ($1.1 billion) deal.

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Sector Update: Financial Stocks Edge Higher Late Afternoon

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