financetom
Market
financetom
/
Market
/
Sector Update: Financial
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Financial
May 4, 2026 10:25 AM

01:11 PM EDT, 05/04/2026 (MT Newswires) -- Financial stocks were lower Monday afternoon, with the NYSE Financial Index falling 1% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.8%.

The Philadelphia Housing Index dropped 3.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.7%.

Bitcoin (BTC-USD) was increasing 1.9% to $80,023, and the yield for 10-year US Treasuries was rising 7.6 basis points to 4.45%.

In corporate news, American Express Global Business Travel, which is operated by Global Business Travel ( GBTG ) , on Monday agreed to be acquired by Long Lake Management in an all-cash deal worth about $6.3 billion. Global Business Travel ( GBTG ) shares surged 57%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Top Cryptocurrencies Rise; Bitcoin Trades Near $95,000
Top Cryptocurrencies Rise; Bitcoin Trades Near $95,000
Jan 10, 2025
04:07 PM EST, 01/10/2025 (MT Newswires) -- Major digital assets were firmer Friday with Bitcoin (BTC-USD) trading near the $95,000 level. The CoinDesk Market Index, which tracks 124 digital assets, rose 3.7% in the past 24 hours. US stock market benchmarks were in the red in late trading, with the Nasdaq 100 and the Dow Jones Industrial Average down 1.6%,...
Jobs report fuels Treasury yield surge as markets brace for 5% threshold
Jobs report fuels Treasury yield surge as markets brace for 5% threshold
Jan 10, 2025
* Strong economic data raises prospect of yields surging further * Some fear inflation rebound, see risk of Fed hike * Higher yields could further wobble stocks * Some see 5% yield as threshold for allocation shifts By Davide Barbuscia NEW YORK, Jan 10 (Reuters) - A recent surge in U.S. Treasury yields may gain even more momentum after a...
US Equities Markets End Lower Friday as US Economy Adds More Jobs Than Expected
US Equities Markets End Lower Friday as US Economy Adds More Jobs Than Expected
Jan 10, 2025
04:05 PM EST, 01/10/2025 (MT Newswires) -- US benchmark equity indexes fell Friday as markets assessed official data showing that the economy added more jobs than expected in December. * Total US nonfarm payrolls rose by 256,000 last month, the Bureau of Labor Statistics reported. The consensus was for a 165,000 increase, according to a survey compiled by Bloomberg. *...
US STOCKS-Wall Street ends lower as blowout job data stokes inflation fears
US STOCKS-Wall Street ends lower as blowout job data stokes inflation fears
Jan 10, 2025
* December US job growth beats expectations * Walgreens set for best day since 1980 after Q1 profit beat * Constellation Brands ( STZ ) slides after trimming FY forecasts * University of Michigan survey showed consumer sentiment dropped (Updates to market close) By Johann M Cherian, Sukriti Gupta and Carolina Mandl Jan 10 (Reuters) - U.S. stocks sank on...
Copyright 2023-2026 - www.financetom.com All Rights Reserved