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Sector Update: Financial

Sector Update: Financial

MT newswireMT newswire2026/10/12 19:39
03:39 PM EDT, 10/12/2026 (MT Newswires) -- Financial stocks rose in late Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each adding 0.5%. The Philadelphia Housing Index eased 0.4%, and the State Street Real Estate Select Sector increased 0.5%. Bitcoin (BTC-USD) fell 1.2% to $82,675, and the yield for 10-year US Treasuries increased one basis point to 5.24%. In corporate news, Allstate (ALL) shares were rising 1.5% after Wells Fargo upgraded the stock to equalweight from underweight.
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