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Sector Update: Financial
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Sector Update: Financial
Apr 7, 2026 10:55 AM

01:42 PM EDT, 04/07/2026 (MT Newswires) -- Financial stocks dropped in Tuesday afternoon trading with the NYSE Financial Index falling 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) easing 0.1%.

The Philadelphia Housing Index fell 1.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.2%.

Bitcoin (BTC-USD) declined 0.6% to $68,456, and the yield for 10-year US Treasuries gained 2.9 basis points to 4.36%.

In corporate news, Deutsche Bank's ( DB ) US distressed products group reported Q1 net profit doubled from a year earlier, Bloomberg reported. The team posted over $100 million in net profit, partly fueled by shorting a basket of software companies' debt, the report said. Deutsche shares fell 0.2%.

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