Sector Update: Financial Stocks Advance Thursday Afternoon
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Financial stocks advanced on Thursday, with the NYSE Financial Index up 0.5% and the State Street Financial Select Sector SPDR ETF rising 0.6%. Bitcoin increased by 2.6% to $81,414, while 10-year US Treasury yields fell to 4.45%. Retail sales rose 0.5% in April, reflecting higher prices due to the war in Iran. Klarna shares surged 15% after reporting a narrower net loss and higher revenue. Interactive Brokers launched a new trading platform, and Blackstone's AirTrunk is seeking a $2.3 billion loan for facility development.
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