Financial Sector Update for 01/23/2023: AJG,BSBR,SYF
Financial stocks were higher in afternoon trading, with the NYSE Financial Index rising 0.8% and the Financial Select Sector SPDR Fund (XLF) ahead 1.1%.
The Philadelphia Housing Index was climbing 1.3% and The Real Estate Select Sector SPDR Fund (XLRE) was ahead 0.7%.
Bitcoin was increasing 0.7% to $23,072, while the yield for 10-year US Treasuries was climbing 4.1 basis points to 3.525%.
In company news, Arthur J. Gallagher & Co (AJG) rose 0.9% after Monday announcing its purchase of Texas-based auto insurance agency Remco Insurance Agencies. Financial terms were not disclosed.
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