From Nasdaq: 2024-05-23 15:55:28

Financial stocks, including the NYSE Financial Index and the Financial Select Sector SPDR Fund, were down 1.5%. The Philadelphia Housing Index fell 1.2% and the Real Estate Select Sector SPDR Fund dropped 2%.

Bitcoin decreased by 2.6% to $67,284, while the 10-year US Treasuries yield rose to 4.48%. US initial jobless claims fell to 215,000, manufacturing conditions improved to 50.9, and new-home sales declined to a 634,000 annual rate in April.

Bowhead Specialty shares surged on their NYSE debut after a successful initial public offering at $17 per share. Toronto-Dominion Bank fired employees over anti-money laundering lapses, while Morgan Stanley’s Chair is set to step down by the end of the year.

The US Supreme Court ruled against Coinbase in a jurisdiction case related to a Dogecoin sweepstakes promotion, leading to a more than 5% drop in Coinbase shares.

Read more at Nasdaq: Financial Sector Update for 05/23/2024: BOW, TD, MS, COIN