Sector Update: Financial Stocks Advance Friday Afternoon
MT newswire2026/10/09 17:5701:57 PM EDT, 10/09/2026 (MT Newswires) -- Financial stocks were higher in Friday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.9%. The Philadelphia Housing Index was falling 1.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 1.6%. Bitcoin (BTC-USD) was increasing 1.2% to $82,654, and the yield for 10-year US Treasuries rose 2 basis points to 5.25%. In economic news, the University of Michigan's preliminary consumer sentiment index declined to 46.3 in October from 48.1 in September, versus the 47.6 expected in a Bloomberg-compiled survey. In corporate news, Carlyle (CG) is no longer actively pursuing a deal to acquire the international assets of Russian oil producer Lukoil, Reuters reported, citing a Carlyle spokesperson. According to the report, Carlyle agreed in January to acquire Lukoil's international assets, excluding those in Kazakhstan, and explored partnering with Abu Dhabi-based funds Mubadala, XRG and IHC, along with the US Development Finance Corporation. Carlyle shares were up 0.8%. KKR (KKR) has banned non-compete agreements for employees earnings less than $100,000 annually at the companies it owns, Bloomberg reported, citing co-head of global private equity Pete Stavros. The firm has also banned enforcement of existing non-competes and new non-competes, and aims to expand this policy to employees earning over $100,000 per year, Stavros said at an interview, according to Bloomberg. KKR shares were rising 1.9%. Toronto-Dominion Bank (TD) said the Office of the Superintendent of Financial Institutions Canada has approved the bank's buyback program of up to CA$10 billion ($7.03 billion) of common shares, not to exceed 61 million shares. Its shares added 1.2%.
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