-- Financial stocks were lower late Wednesday afternoon, with the NYSE Financial Index decreasing 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) down 0.3%.
The Philadelphia Housing Index rose 0.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 1%.
Bitcoin (BTC-USD) was increasing 3.5% to $78,958, and the yield for 10-year US Treasuries was slightly higher at 4.29%.
In corporate news, Prudential Financial (PRU) shares fell 1.5% after Barclays downgraded the stock to underweight from equalweight and cut its price target to $91 per share from $110. Jefferies also downgraded the stock to hold from buy and cut its price target to $98 per share from $124.
Goldman Sachs (GS) has reached an agreement to settle a shareholder class action linked to the 1Malaysia Development, or 1MDB, scandal, Bloomberg reported, citing a letter from Goldman and lead plaintiff Sjunde AP-Fonden to US District Judge Vernon Broderick. Goldman shares rose 0.7%.
Toronto-Dominion Bank (TD) is considering a rare type of significant risk transfer to hedge against current and future data center debt, Bloomberg reported. Toronto-Dominion Bank shares were down 0.7%.
HSBC (HSBC) has shortlisted Allianz, Daiichi Life, and Sumitomo Life Insurance as potential buyers of its Singapore insurance business, Bloomberg reported. HSBC shares eased 0.1%.