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Sector Update: Financial
May 28, 2026 12:51 PM

03:26 PM EDT, 05/28/2026 (MT Newswires) -- Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index decreasing 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) down 0.3%.

The Philadelphia Housing Index eased 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 0.4%.

Bitcoin (BTC-USD) was falling 1.3% to $73,401, and the yield for 10-year US Treasuries decreased 2.6 basis points to 4.455%.

In corporate news, UWM (UWMC) said Thursday it urged Two Harbors Investment ( TWO/PA ) stockholders to vote against the proposed CrossCountry Mortgage merger following the second adjournment of Two Harbors' special meeting to vote on the transaction. UWM shares rose 1.8%, and Two Harbors was down 0.8%.

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