financetom
Market
financetom
/
Market
/
Sector Update: Financial Stocks Advance Thursday Afternoon
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Financial Stocks Advance Thursday Afternoon
Apr 2, 2026 11:13 AM

01:52 PM EDT, 04/02/2026 (MT Newswires) -- Financial stocks were slightly higher in Thursday afternoon trading, with the NYSE Financial Index up 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.3%.

The Philadelphia Housing Index was decreasing 0.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.6%.

Bitcoin (BTC-USD) was declining 1.3% to $67,175, and the yield for 10-year US Treasuries was decreasing 1.2 basis points to nearly 4.31%.

In economic news, US initial jobless claims fell to a level of 202,000 in the week ended March 28 from an upwardly revised 211,000 level in the previous week, compared with expectations for an increase to 212,000 in survey of analysts compiled by Bloomberg.

In corporate news, Blue Owl Capital (OWL) is limiting redemptions to 5% each for two of its private credit funds after receiving a surge of withdrawal requests, Bloomberg reported, citing two separate investor letters. Blue Owl shares fell 3.1%.

Coinbase (COIN) won conditional approval from the Office of the Comptroller of the Currency for a national trust company charter, Bloomberg reported Thursday, citing Greg Tusar, the company's vice president of product management. Coinbase shares were down 0.9%.

Blackstone (BX) and a group of private credit firms are pressuring Thoma Bravo, the owner of Medallia, to put more equity into the software company or hand over control via a debt restructuring, Bloomberg reported. Blackstone shares were easing 0.2%.

Citigroup ( C/PN ) (C) said it has asked staff in Paris and Frankfurt to work remotely after an alleged plot to attack another American bank. The security measure came after French authorities arrested a man and three minors in connection with a foiled attempt to target a Bank of America ( BAC ) branch in Paris, news outlets reported Wednesday. Citi shares were down 0.7%, and Bank of America ( BAC ) was adding 0.4%.

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