Sector Update: Financial Stocks Mixed Late Afternoon
MT newswire2026/10/26 19:54Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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03:54 PM EDT, 10/26/2026 (MT Newswires) -- Financial stocks were mixed in late Monday afternoon trading, with the NYSE Financial Index fractionally lower and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.3%. The Philadelphia Housing Index was down 0.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.4%. Bitcoin (BTC-USD) was easing 0.2% to $79,925, and the yield for 10-year US Treasuries was slightly lower at 4.986%. 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, Apollo Global Management (APO) has agreed to take a minority stake in Mubadala Capital, the alternative asset management arm of Abu Dhabi's Mubadala Investment Co., as the firms expanded their strategic partnership. Separately, SpaceX (SPCX) entered into a lease agreement totaling about $40 billion with an Apollo-managed entity, under which it will obtain graphics processing unit pods and equipment for its data centers, SpaceX said Monday in a regulatory filing. Apollo shares were up 1.5%. 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 2.2%, and Morgan Stanley gained 2.6%. 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 0.3%, HSBC rose 0.6%, and JPMorgan added 0.9%. 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 said in a note sent Monday. Visa shares were down 1%, and Mastercard was shedding 1.5%.
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