Sector Update: Financial Stocks Rise Tuesday Afternoon
MT newswire2026/10/06 17:5401:54 PM EDT, 10/06/2026 (MT Newswires) -- Financial stocks advanced in Tuesday afternoon trading with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) gaining 0.2%. The Philadelphia Housing Index climbed 1.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 1.1%. Bitcoin (BTC-USD) rose 0.4% to $85,727, and the yield for 10-year US Treasuries fell 3 basis points to 5.28%. In economic news, the US international trade deficit widened to $105.57 billion in August from a $92.83 billion gap in July, compared with a $102.1 billion shortfall expected in a survey compiled by Bloomberg. Redbook US same-store sales last week rose 8.6% from a year earlier after an 8.2% increase in the previous week. In corporate news, Ares Management (ARES) will recover only about 50% of the money it invested in TalkTalk after BT Group agreed to buy the telecommunications firm out of insolvency, Bloomberg reported. Ares shares rose 0.7%. HSBC Holdings (HSBC) and other UK banks met with UK Chancellor John Healey, who said he is facing a "challenging" fiscal picture, while not indicating whether higher taxes would be imposed on banks, the Financial Times reported. HSBC shares gained 1.3%. Apollo Global Management (APO) is leaning toward using aircraft financing for the 3.5 billion-British pound ($4.64 billion) debt package that will fund its purchase of EasyJet, instead of high-yield bonds, Bloomberg reported. Apollo shares advanced 0.4%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CoreWeave (CRWV.US) bonds hit a new low as changes in Texas data center policies impact AI cloud trading
CoreWeave (CRWV.US) bonds fell sharply on Wednesday, with some dropping to new lows.
AstraZeneca (AZN.US) reportedly receives a $10 billion acquisition offer! Shares of obesity drug developer Rhythm (RYTM.US) soar in response
According to three people familiar with the matter, AstraZeneca previously proposed to acquire obesity drug developer Rhythm Pharmaceuticals for approximately 10 billion dollars.
Goldman Sachs and Apollo in Talks to Sell 40 Billion-Dollar AI Chip Financing for SpaceX (SPCX.US), Market's Willingness to Take Over Faces Test
Goldman Sachs (GS.US) and Apollo Global Management (APO.US) are in talks with Wall Street investors to begin selling portions of a roughly $40 billion chip financing deal for SpaceX (SPCX.US).
Tom Lee Says Democratic Sweep Could Fuel 15% to 20% Tech Rally
Crypto prices
More
