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Sector Update: Financial
May 13, 2026 11:01 AM

01:35 PM EDT, 05/13/2026 (MT Newswires) -- Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 1%.

The Philadelphia Housing Index was falling 1.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.7%.

Bitcoin (BTC-USD) was declining 1.4% to $79,278, and the yield for 10-year US Treasuries was rising less than one basis point to 4.48%.

In corporate news, Wells Fargo ( WFC ) shares were down 1.8% after Bloomberg reported the company is marketing investment-grade bonds in as many as three parts, with maturities between three and six years.

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