From Nasdaq: 2024-03-27 13:44:44

Financial stocks saw gains on Wednesday afternoon, with the NYSE Financial Index up 0.6% and the Financial Select Sector SPDR Fund rising by 0.4%. Meanwhile, the Philadelphia Housing Index climbed 0.8% and the Real Estate Select Sector SPDR Fund increased by 1.8%.

Bitcoin fell 1.1% to $69,164, while the yield for 10-year US Treasuries dropped to 4.19%. Wholesale inventories decreased by 0.2% in January, an improvement from the previous data. Mortgage applications fell for the second consecutive week as homebuyers waited for lower rates.

Coinbase shares fell 2.3% after a judge ruled the platform sells securities under US law, allowing a lawsuit by the SEC to proceed. BlackRock faced a cease-and-desist order from Mississippi, with shares rising by 0.6%.

Noah shares surged by 18% after reporting Q4 results and approving an annual and special dividend. It is essential to note that the expressed opinions are solely those of the author and do not reflect Nasdaq, Inc.

Read more at Nasdaq: Financial Sector Update for 03/27/2024: COIN, BLK, NOAH