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
Jun 3, 2026 10:55 AM

01:34 PM EDT, 06/03/2026 (MT Newswires) -- Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 1%.

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

Bitcoin (BTC-USD) was falling 1.2% to $65,838, and the yield for 10-year US Treasuries was rising 4 basis points to 4.495%.

In corporate news, Amazon-backed (AMZN) Anthropic has chosen Goldman Sachs ( GS ) and Morgan Stanley ( MS ) to lead its initial public offering, Bloomberg reported. JPMorgan Chase ( JPM ) is also working on the deal, the report said. Goldman shares were down 1.8%, Morgan Stanley ( MS ) shed 2%, and JPMorgan ( JPM ) decreased 0.3%.

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 >
Copyright 2023-2026 - www.financetom.com All Rights Reserved