Sector Update: Financial Stocks Advance Late Afternoon

04:00 PM EDT, 10/12/2026 (MT Newswires) -- Financial stocks rose in late Monday afternoon trading, with the NYSE Financial Index adding 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.6%. The Philadelphia Housing Index eased 0.6%, and the State Street Real Estate Select Sector increased 0.6%. Bitcoin (BTC-USD) fell 1.1% to $82,697, and the yield for 10-year US Treasuries increased one basis point to 5.24%. In sector news, pending home sales in the US declined the most in more than three years last month as mortgage rates jumped above 7%, Redfin said Monday. Pending home sales fell 4% sequentially to 316,652 on a seasonally adjusted basis in September, according to the real estate brokerage. In corporate news, Allstate (ALL) shares were rising 1.5% after Wells Fargo upgraded the stock to equalweight from underweight. JPMorgan Chase's (JPM) asset-management unit aims to double its assets under management in Europe to $2 trillion over the next five years, the Financial Times reported Sunday. JPMorgan shares rose 0.4%. TotalEnergies (TTE) and KKR (KKR) have signed a $1.2 billion enterprise value agreement to add 700 megawatts to the solar power generation joint venture they created in the US last year. KKR shares added 0.6%. Service Properties Trust (SVC) shares fell more than 18% after the company confirmed it received an unsolicited proposal from TKO to buy its hospitality portfolio for $2 billion in cash.