Sector Update: Financial

03:40 PM EDT, 10/21/2026 (MT Newswires) -- Financial stocks were advancing in late Wednesday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.3%. The Philadelphia Housing Index was decreasing 0.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.8%. Bitcoin (BTC-USD) was increasing 1.9% to $84,491, and the yield for 10-year US Treasuries rose 1 basis point to 5.127%. In corporate news, SmartFinancial (SMBK) shares fell about 3% after Raymond James downgraded the stock to outperform from strong buy and adjusted its price target to $56 per share from $58.