From NASDAQ:

Financial stocks, particularly the NYSE Financial Index and Financial Select Sector SPDR Fund (XLF), dropped in late Thursday afternoon trading. The Philadelphia Housing Index saw little change, and the Real Estate Select Sector SPDR Fund (XLRE) experienced a 1.1% decrease.

Bitcoin (BTC-USD) increased by 0.4% to $46,862, while the yield for 10-year US Treasuries dropped 5 basis points at 3.98%. In economic news, the US consumer price index rose to 0.3% in December, exceeding the expected 0.2% gain. The year-over-year CPI also escalated to 3.4%.

US initial jobless claims fell to 202,000 from 203,000 during the week ended Jan. 6, contrary to the projected increase of 210,000. In corporate news, Morgan Stanley (MS) is nearing a deal with federal prosecutors to settle an investigation, leading to a 1.2% drop in its shares. First Financial Northwest (FFNW) has agreed to sell its bank unit to Global Federal Credit Union for $231.2 million in cash, causing their shares to surge 48%.

Coinbase (COIN) and Robinhood (HOOD) experienced steep declines of 6.6% and 3.3%, respectively, following the US SEC’s approval of the listing and trading of several bitcoin exchange-traded funds. Citigroup (C) saw a 2.3% drop after recording a $1.3 billion reserve build in Q4 tied to increases in transfer risk related to exposure outside the US, notably Argentina and Russia.



Read more: Financial Sector Update for 01/11/2024: MS, FFNW, C, COIN, HOOD