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Sector Update: Financial Stocks Advance Friday Afternoon
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Sector Update: Financial Stocks Advance Friday Afternoon
Jul 24, 2026 10:51 AM

01:26 PM EDT, 07/24/2026 (MT Newswires) -- Financial stocks rose in Friday afternoon trading, with the NYSE Financial Index adding 1.1% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.6%.

The Philadelphia Housing Index gained 1.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 2.1%.

Bitcoin (BTC-USD) was declining 1.9% to $63,849, and the yield for 10-year US Treasuries was falling 4 basis points to 4.663%.

In economic news, new-home sales in the US increased last month for the first time since March as house prices continued to fall, though inventory remained elevated at more than a nine-month supply. Sales of new single-family homes increased 1.6% sequentially in June to a seasonally adjusted annual rate of 628,000, the Census Bureau and the Department of Housing and Urban Development said Friday. Analysts polled by Bloomberg expected a 607,000 print.

In corporate news, Digital Realty Trust ( DLR ) reported Q2 core funds from operations and operating revenue above market expectations late Thursday, and the company also raised its 2026 core FFO and revenue guidance. Shares jumped past 13%.

BlackRock ( BLK ) started marketing $12.3 billion in high-grade bonds to finance a Meta Platforms (META) data center project, Bloomberg reported. BlackRock ( BLK ) shares rose 1.2%.

American Express' ( AXP ) Q2 earnings topped Wall Street's estimates, but revenue missed expectations, while the company now expects full-year revenue to grow at the high end of its previous guidance range. Its shares fell 5.1%.

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