financetom
Market
financetom
/
Market
/
Sector Update: Financial Stocks Advance Late Afternoon
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Financial Stocks Advance Late Afternoon
Apr 9, 2026 1:39 PM

04:03 PM EDT, 04/09/2026 (MT Newswires) -- Financial stocks increased late Thursday afternoon, with the NYSE Financial Index adding 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.4%.

The Philadelphia Housing Index was climbing 1.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.8%.

Bitcoin (BTC-USD) rose 1.1% to $72,174, and the yield for 10-year US Treasuries was slightly lower at 4.29%.

In economic news, US economic growth, measured by gross domestic product, was revised lower to a 0.5% increase in Q4 from a 0.7% gain in the second estimate, compared with estimates for no revision in a Bloomberg survey.

US initial jobless claims rose to 219,000 in the week ended April 4 from an upwardly revised 203,000 in the previous week, compared with expectations for 210,000 in a Bloomberg poll.

In corporate news, Ares Management ( ARES ) on Thursday agreed to acquire Whitestone REIT ( WSR ) in an all-cash deal worth about $1.7 billion. Ares shares were fractionally down, and Whitestone jumped nearly 12%.

Carlyle (CG) will limit redemptions to 5% for its Tactical Private Credit Fund after receiving repurchase requests amounting to roughly 15.7% of shares outstanding, The Wall Street Journal reported, citing a shareholder letter. Carlyle shares were little changed.

Goldman Sachs ( GS )-backed (GS) Japanese taxi-hailing provider Go plans an initial public offering in 2026 that could raise between 50 billion yen ($314.5 million) and 80 billion yen, Bloomberg reported. Goldman shares shed 0.2%.

TPG (TPG) has hired UBS (UBS) and Malayan Banking to help weigh options for Malaysian medical services provider Asia OneHealthcare, Bloomberg reported. TPG shares rose 1.2%, and UBS added 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 >
TC Energy's oil pipeline spin-off faces obstacles in bet on US Gulf
TC Energy's oil pipeline spin-off faces obstacles in bet on US Gulf
May 8, 2024
WINNIPEG, Manitoba, May 8 (Reuters) - TC Energy's ( TRP ) planned oil pipeline spin-off is a bet that it can supply more Canadian crude to U.S. Gulf of Mexico refiners, but the venture faces stiff competition and will carry high debt when it starts up. The South Bow spin-off, which TC investors will vote on June 4, will help...
Japan's Nikkei loses stream as market awaits fresh catalyst
Japan's Nikkei loses stream as market awaits fresh catalyst
May 7, 2024
TOKYO, May 8 (Reuters) - Japan's Nikkei share average fell more than 1% on Wednesday, slipping from multi-week highs hit in the previous session as profit-taking dominated, while investors awaited a fresh catalyst to determine the U.S. interest rate path. The Nikkei was down 1.37% at 38,303.39 by the midday break. The broader Topix was down 1.22% at 2712.70. With...
Australia shares end flat; Perpetual top loser on benchmark
Australia shares end flat; Perpetual top loser on benchmark
May 8, 2024
* ASX 200 benchmark extends five-day winning streak * Financials log five days of consecutive wins * Perpetual top loser on ASX 200 By Sneha Kumar May 8 (Reuters) - Australian shares ended unchanged on Wednesday as local stocks pared gains after adding 1.4% on Tuesday as the Reserve Bank kept interest rates on hold and signalled inflation was still...
Investor Sentiment Falls Further, Dow Gains For Fifth Session
Investor Sentiment Falls Further, Dow Gains For Fifth Session
May 8, 2024
The CNN Money Fear and Greed index showed further decline in the overall market sentiment, while the index remained in the “Fear” zone on Tuesday. U.S. stocks settled mixed on Tuesday, with the Dow Jones index recording gains for the fifth straight session. Walt Disney Co ( DIS ) shares fell 9.5% on Tuesday after the company reported weaker-than-expected quarterly...
Copyright 2023-2026 - www.financetom.com All Rights Reserved