Financial stocks advanced in late Tuesday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both up 0.4%.
The Philadelphia Housing Index gained 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) added 0.4%.
Bitcoin (BTC-USD) fell 2.4% to $95,132, and the yield for 10-year US Treasuries rose 4.4 basis points to 4.537.%.
In economic news, the Federal Reserve does "not need to be in a hurry" to adjust monetary policy as the economy remains strong, Chair Jerome Powell said, reiterating prior remarks that the central bank was in no rush to cut interest rates.
In corporate news, Northwest Bancshares (NWBI) shares rose 1.8%. The company was Smart Insider's stock pick of the week after director Timothy Hunter purchased $131,300 of shares at $13.13 apiece on Jan. 25, boosting his stake.
Fidelity National Information Services' (FIS) Q4 revenue missed estimates, and its outlook for sales for Q1 and 2025 trailed market expectations. The stock dropped 11%.
S&P Global (SPGI) shares rose 4.4% after the company reported higher Q4 adjusted earnings and revenue.
Goldman Sachs (GS) is open to acquisitions in asset and wealth management but would be selective in its approach to any potential deals, Chief Executive Officer David Solomon said, according to Reuters. Goldman shares shed 0.6%.
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