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Sector Update: Financial

Sector Update: Financial

MT newswireMT newswire2026/10/20 19:38
03:38 PM EDT, 10/20/2026 (MT Newswires) -- Financial stocks were higher in late Tuesday afternoon trading, with the NYSE Financial Index rising 1% and the State Street Financial Select Sector SPDR ETF (XLF) adding 1.1%. The Philadelphia Housing Index was climbing 2.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 1.7%. Bitcoin (BTC-USD) was increasing 0.7% to $82,413, and the yield for 10-year US Treasuries decreased 2 basis points to 5.12%. In corporate news, Nomura (NMR) is considering expanding its wealth management business into Switzerland, Bloomberg reported. The company is assessing the potential size of the operation, but has not made a final decision or applied for regulatory approval, the report said. Nomura shares were up 0.3%.
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