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Sector Update: Financial Stocks Advance Monday Afternoon

Sector Update: Financial Stocks Advance Monday Afternoon

MT newswireMT newswire2026/10/26 18:21
02:21 PM EDT, 10/26/2026 (MT Newswires) -- Financial stocks were slightly higher in Monday afternoon trading, with the NYSE Financial Index increasing 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.3%. The Philadelphia Housing Index was decreasing 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.3%. Bitcoin (BTC-USD) was increasing 0.1% to $80,156, and the yield for 10-year US Treasuries was easing 1 basis point to 4.978%. In economic news, the Chicago Federal Reserve Bank's monthly National Activity Index improved to 0.07 in September from minus 0.08 in August, versus an expected worsening to minus 0.10 in a survey compiled by Bloomberg. The Dallas Fed's monthly manufacturing index rose to 13.4 in October from 9.8 in September, versus the forecast for a decline to 8.8. In corporate news, Anthropic filed with the US Securities and Exchange Commission on Monday for an initial public offering of Class A shares on Nasdaq under the ticker ANT. Goldman Sachs (GS) and Morgan Stanley (MS) are the lead underwriters, according to the filing. Goldman shares rose 2.7%, and Morgan Stanley gained 3%. Citigroup (C), HSBC (HSBC) and JPMorgan Chase (JPM) are among a group of large global banks nearing a deal to provide Saudi Aramco with a $10 billion loan facility, Bloomberg reported. Citi shares added 0.8%, HSBC rose 0.9%, and JPMorgan added 1%. Visa (V) and Mastercard (MA) are likely to meet or even beat Wall Street's expectations for their latest quarterly results, given resilient consumer spending, RBC Capital Markets said in a note sent Monday. Visa shares were down 0.9%, and Mastercard was shedding 1.4%.
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