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Sector Update: Financial

Sector Update: Financial

MT newswireMT newswire2026/10/22 19:35
03:35 PM EDT, 10/22/2026 (MT Newswires) -- Financial stocks were advancing in late Thursday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.9%. The Philadelphia Housing Index was climbing 4.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.9%. Bitcoin (BTC-USD) was falling 3.2% to $81,386, and the yield for 10-year US Treasuries dropped 19 basis points to 4.953%. In corporate news, Blackstone (BX) led a $300 million debt package supporting Arlington Capital Partners' take-private of UK aerospace and defense components maker Gooch & Housego, Bloomberg reported. Separately, Blackstone reported Q3 distributable earnings Thursday of $1.32 per share, down from $1.52 a year earlier but above the FactSet consensus of $1.26. Blackstone shares were up past 8%.
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