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Sector Update: Financial Stocks Mixed Late Afternoon

Sector Update: Financial Stocks Mixed Late Afternoon

MT newswireMT newswire2026/09/17 19:57
03:57 PM EDT, 09/17/2026 (MT Newswires) -- Financial stocks were mixed in late Thursday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) fractionally lower. The Philadelphia Housing Index added 0.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.3%. Bitcoin (BTC-USD) was increasing 0.5% to $76,515, and the yield for 10-year US Treasuries fell 5.9 basis points to 4.947%. In economic news, in the week ended Sept. 12, 196,000 people filed for unemployment insurance, down 10,000 from the prior week. The consensus was 207,000, according to a Jefferies note. This is the lowest initial claims print since the week ended July 18. The four-week moving average fell to 203,250 from 206,000. In corporate news, Credit Acceptance (CACC) will provide $694 million in cash and debt relief under a settlement with New Jersey and 40 other state attorneys general over allegations of unaffordable auto loans, the New Jersey Attorney General's Office said Thursday. Credit Acceptance shares were down 1.3%. Blackstone (BX) is seeking to arrange a secondary sale for investors in its $57.7 billion Blackstone Property Partners strategy to provide liquidity amid redemption pressure, Bloomberg reported. Blackstone has held discussions with potential buyers and is taking a more formal role in arranging the deals, the report said. Blackstone shares were up 1.4%. Apollo Global Management (APO) is in talks with SoftBank to increase the size of a loan to $9 billion from $5.4 billion to support SoftBank's investment in OpenAI, Bloomberg reported. Separately, Apollo is exploring either a full or partial sale of Energos Infrastructure that could value the floating liquified natural gas infrastructure provider at over $3 billion, Reuters reported. Apollo shares rose 1.5%. UBS (UBS) faces a potential capital requirement of as much as $20 billion as Switzerland's upper house delayed a vote on proposed banking rules to Sept. 23, Bloomberg reported. The draft law would require UBS to back the full value of its foreign subsidiaries with high-quality CET1 capital in Switzerland, the report said. UBS shares were up 0.4%.
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