Financial stocks fell in Wednesday afternoon trading with the NYSE Financial Index down 0.5% and the Financial Select Sector SPDR Fund (XLF) shedding 0.6%.
The Philadelphia Housing Index dropped 2.3%, and the Real Estate Select Sector SPDR Fund (XLRE) declined 0.4%.
Bitcoin (BTC-USD) was little changed at $95,917, and the yield for 10-year US Treasuries declined 3.7 basis points to 4.186%.
In economic news, the Institute for Supply Management's US services index fell to 52.1 in November from 56.0 in October, compared with expectations for 55.7 in a survey compiled by Bloomberg.
ADP's monthly measure of private payrolls showed a 146,000 increase in November, below expectations for a 150,000 gain compiled by Bloomberg.
In regulatory news, President-elect Donald Trump nominated Paul Atkins to chair the US Securities and Exchange Commission.
In corporate news, Shift4 Payments (FOUR) Chief Executive Officer Jared Isaacman was nominated by Trump as administrator of NASA. Shift4 shares tumbled 9.2%.
Barclays (BCS) agreed to a $19.5 million settlement for a case in New York in which shareholders accused the bank of securities fraud after selling an excess of $17.7 billion debt to what regulators allowed, Reuters reported, citing a court filing. Barclays shares dropped 0.9%.
HPS Investment Partners, which agreed to be bought by BlackRock (BLK), is offering incentive grants to lure employees to stay within the group following the acquisition, Bloomberg reported. BlackRock shares shed 0.3%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.