Sector Update: Financial Stocks Advance Late Afternoon

04:00 PM EDT, 10/29/2026 (MT Newswires) -- Financial stocks were higher in late Thursday afternoon trading, with the NYSE Financial Index rising 1.3% and the State Street Financial Select Sector SPDR ETF (XLF) adding 1.4%. The Philadelphia Housing Index rose 3.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 2.2%. Bitcoin (BTC-USD) was shedding 0.6% to $80,791, and the yield for 10-year US Treasuries fell 5.6 basis points to 4.989%. In economic news, the personal consumption expenditures price index grew 0.5% in September, as expected, lifting the year-over-year rate to 3.6% from 3.4%, according to the Bureau of Economic Analysis. The price index grew 0.3% month-over-month in August. The core PCE price index rose by 0.3%, as expected, after a 0.3% gain in August. The year-over-year rate accelerated to 3.1% in September from 3.0% in the prior month. The US gross domestic product rose by 3.4% in Q3 after a 2.2% gain in Q2, above a 3.2% rise expected in a Bloomberg survey. In corporate news, Mastercard (MA) shares rose 4.2% after it reported Q3 adjusted earnings and net revenue Thursday that rose year on year and beat analyst estimates. Carlyle (CG) has agreed to sell a majority stake in Wyyerd to Oak Hill Capital, Oak Hill Capital said. Shares were up 3.4%. A UBS (UBS) relocation abroad is being analyzed by the Swiss government to see how the bank would fare if it attempted to escape the country's new, stringent capital rules, Reuters reported. UBS shares rose 3.1%. HSBC (HSBC) is in preliminary talks with insurers about offloading credit risk on data center loans, Bloomberg reported. HSBC shares were up 0.2%.