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Sector Update: Financial Stocks Decline Late Afternoon
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Sector Update: Financial Stocks Decline Late Afternoon
Mar 10, 2026 10:39 PM

03:52 PM EST, 12/16/2025 (MT Newswires) -- Financial stocks were lower late Tuesday afternoon, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each shedding 0.5%.

The Philadelphia Housing Index was falling 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.6%.

Bitcoin (BTC-USD) was increasing 2.1% to $87,755, and the yield for 10-year US Treasuries fell 3.5 basis points to 4.15%.

In economic news, nonfarm payrolls rose by 64,000 in November, the Bureau of Labor Statistics said Tuesday, beating the consensus for a 50,000 increase in a Bloomberg-compiled survey. Private payrolls grew by 69,000, with the service industry adding 50,000 jobs. The unemployment rate rose to 4.6%, the highest since September 2021, compared with Wall Street's expectation of 4.5%.

Retail sales were flat in October as outlays on motor vehicles and at fuel stations declined, delayed data from the US Census Bureau showed Tuesday. Sales remained unchanged in October, compared with the Bloomberg-compiled consensus for growth of 0.1%.

The flash reading of manufacturing conditions from S&P Global fell to 51.8 in December from 52.2 in November, below 52.1 in a Bloomberg survey and marking a five-month low.

In corporate news, Carlyle (CG) has lost more than $100 million on a loan it extended to now-bankrupt iRobot (IRBT), Bloomberg reported Tuesday, citing estimates based on court filings and disclosures. Carlyle shares were down 0.2%.

Apollo Global Management ( APO ) is considering selling Atlas Air Worldwide, Bloomberg reported. The possible deal may value Atlas Air at over $12 billion, including debt, the report said. Apollo shares rose 0.3%.

JPMorgan Chase ( JPM ) and lending platform Slope have formed a partnership with Amazon.com (AMZN) to allow eligible Amazon sellers to access capital via a reusable credit line backed by a JPMorgan ( JPM ) credit facility, CNBC reported. JPMorgan ( JPM ) shares were down 1.2%.

Citigroup ( C ) and London Stock Exchange Group said Tuesday they have signed a multiyear strategic partnership agreement to deploy LSEG's data, analytics, services and products. Citi shares were down 1.2%.

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