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Sector Update: Financial

Sector Update: Financial

MT newswireMT newswire2026/10/28 17:56
01:56 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, 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 1.8%.
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