Sector Update: Financial Stocks Rise Wednesday Afternoon

02:13 PM EDT, 10/28/2026 (MT Newswires) -- Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index up 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.6%. The Philadelphia Housing Index was falling 1.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.8%. Bitcoin (BTC-USD) was easing 0.3% to $80,755, and the yield for 10-year US Treasuries was rising 2.7 basis points to 5.02%. In corporate news, Anthropic has selected JPMorgan Chase (JPM) to lead US sales of shares to individual investors in its planned initial public offering, Bloomberg reported. According to the report, the company is considering allocating about 15% to 20% of the overall IPO shares to retail investors. JPMorgan shares rose 1.1%. Barclays (BCS) has been assessing interest among insurers in recent weeks as it looks to buy default protection on over $10 billion of debt to finance AI infrastructure, Bloomberg reported. Barclays shares were up 1.6%. Robinhood (HOOD) shares fell 4.2% after it reported a decline in fiscal Q3 earnings, while sales missed market expectations.