From Nasdaq: 2024-06-27 15:41:32

Financial stocks dipped while housing and real estate stocks saw a slight increase in late afternoon trading. Bitcoin rose by 1.1% to $61,491, and US Treasuries yield dropped by 3 basis points to 4.29%.

New orders for US durable goods rose by 0.1% in May, exceeding expectations for a 0.5% decrease. US GDP was revised to show a 1.4% increase in Q1, in line with expectations. The SEC may approve spot ether exchange-traded funds next Thursday.

Denali Capital Acquisition shares surged by 46% after canceling a proposed business combination. US Bancorp’s vice chair of consumer and business banking plans to leave, while Jefferies Financial reported a jump in Q2 earnings. Coinbase has filed lawsuits against SEC and FDIC.

Read more at Nasdaq: Sector Update: Financial Stocks Decline Late Afternoon