financetom
Market
financetom
/
Market
/
Sector Update: Financial Stocks Decline Late Afternoon
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Financial Stocks Decline Late Afternoon
Mar 10, 2026 10:39 PM

03:52 PM EST, 12/16/2025 (MT Newswires) -- Financial stocks were lower late Tuesday afternoon, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each shedding 0.5%.

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

Bitcoin (BTC-USD) was increasing 2.1% to $87,755, and the yield for 10-year US Treasuries fell 3.5 basis points to 4.15%.

In economic news, nonfarm payrolls rose by 64,000 in November, the Bureau of Labor Statistics said Tuesday, beating the consensus for a 50,000 increase in a Bloomberg-compiled survey. Private payrolls grew by 69,000, with the service industry adding 50,000 jobs. The unemployment rate rose to 4.6%, the highest since September 2021, compared with Wall Street's expectation of 4.5%.

Retail sales were flat in October as outlays on motor vehicles and at fuel stations declined, delayed data from the US Census Bureau showed Tuesday. Sales remained unchanged in October, compared with the Bloomberg-compiled consensus for growth of 0.1%.

The flash reading of manufacturing conditions from S&P Global fell to 51.8 in December from 52.2 in November, below 52.1 in a Bloomberg survey and marking a five-month low.

In corporate news, Carlyle (CG) has lost more than $100 million on a loan it extended to now-bankrupt iRobot (IRBT), Bloomberg reported Tuesday, citing estimates based on court filings and disclosures. Carlyle shares were down 0.2%.

Apollo Global Management ( APO ) is considering selling Atlas Air Worldwide, Bloomberg reported. The possible deal may value Atlas Air at over $12 billion, including debt, the report said. Apollo shares rose 0.3%.

JPMorgan Chase ( JPM ) and lending platform Slope have formed a partnership with Amazon.com (AMZN) to allow eligible Amazon sellers to access capital via a reusable credit line backed by a JPMorgan ( JPM ) credit facility, CNBC reported. JPMorgan ( JPM ) shares were down 1.2%.

Citigroup ( C ) and London Stock Exchange Group said Tuesday they have signed a multiyear strategic partnership agreement to deploy LSEG's data, analytics, services and products. Citi shares were down 1.2%.

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 >
Japan's Nikkei rises as markets await US election outcome
Japan's Nikkei rises as markets await US election outcome
Nov 5, 2024
(Updates at 0220 GMT) TOKYO, Nov 6 (Reuters) - Japan's Nikkei share average tracked Wall Street's strong finish on Wednesday as market participants awaited indications of the outcome of a knife-edge U.S. presidential election. The Nikkei was up 1.9% at 39,211.84, as of 0216 GMT, while the broader Topix gained 1.6% at 2,706.51. U.S. stocks closed sharply higher in a...
China stocks, yuan slip as US election counting progresses
China stocks, yuan slip as US election counting progresses
Nov 5, 2024
(Updates prices, adds details throughout) By Summer Zhen and Jiaxing Li HONG KONG/SHANGHAI, Nov 6 (Reuters) - China's yuan weakened and stock markets on the mainland and Hong Kong fell on Wednesday, as investors leaned toward the return of Donald Trump as president even as preliminary counting in the U.S. election still showed a tight presidential race. U.S. stock futures...
Investors lean toward 'Trump trade' but say race too close to call
Investors lean toward 'Trump trade' but say race too close to call
Nov 5, 2024
NEW YORK (Reuters) -Global investors on Tuesday were closely watching key local races in the U.S. presidential election, with trades starting to lean toward pricing in a Donald Trump win, although many said it was still too early to tell. U.S. stock futures and the dollar pushed higher while Treasury yields climbed and bitcoin rose, suggesting trades favoring a Trump...
Sector Update: Financial
Sector Update: Financial
Nov 5, 2024
03:30 PM EST, 11/05/2024 (MT Newswires) -- Financial stocks advanced in late Tuesday afternoon trading with the NYSE Financial Index rising 0.9% and the Financial Select Sector SPDR Fund (XLF) up 0.5%. The Philadelphia Housing Index climbed 1.8%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.9%. Bitcoin (BTC-USD) rose 2.3% to $69,383, and the yield for...
Copyright 2023-2026 - www.financetom.com All Rights Reserved