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Sector Update: Financial
Jul 10, 2026 1:02 PM

03:33 PM EDT, 07/10/2026 (MT Newswires) -- Financial stocks were higher in late Friday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.3%.

The Philadelphia Housing Index was climbing 1.9%, while the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.3%.

Bitcoin (BTC-USD) was increasing 1% to $63,828, and the yield for 10-year US Treasuries rose 3 basis points to 4.569%.

In corporate news, UBS (UBS) played a key role in fueling withdrawals from Blue Owl's (OWL) Technology Income fund after it advised clients to pare down their private credit holdings, the Financial Times reported. Investors began pulling large sums of money from the fund in Q4 2025 just after the Swiss banks told clients with large private credit holdings to reduce their positions, the report said. UBS shares rose 0.5%, and Blue Owl was up 1.1%.

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