Financial stocks rise, Coinbase shares spike, Goldman Sachs advised against executive-pay plan

From Nasdaq: 2024-04-04 13:45:58

Financial stocks were on the rise, with the NYSE Financial Index up 0.9% and the Financial Select Sector SPDR Fund (XLF) up 0.6%. The Philadelphia Housing Index added 0.2% while the Real Estate Select Sector SPDR Fund (XLRE) rose by 0.6%.

Bitcoin (BTC-USD) increased by 3.3%, reaching $68,113. The 10-year US Treasuries yield remained steady at 4.35%. US initial jobless claims rose to 221,000, the highest since January, while the international trade deficit widened to $68.9 billion in February.

Coinbase (COIN) was registered as a restricted dealer in Canada, causing its shares to spike by 2.7%. Carlyle Group (CG) is considering selling StandardAero for around $10 billion. Goldman Sachs (GS) shareholders were advised by Glass Lewis to vote against the company’s executive-pay plan.

Read more at Nasdaq: Financial Sector Update for 04/04/2024: COIN, GS, CG