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Sector Update: Financial Stocks Fall Monday
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Sector Update: Financial Stocks Fall Monday
May 4, 2026 1:37 PM

04:02 PM EDT, 05/04/2026 (MT Newswires) -- Financial stocks declined Monday with the NYSE Financial Index falling 1.1% and the State Street Financial Select Sector SPDR ETF (XLF) losing 0.7%.

The Philadelphia Housing Index dropped 3.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 0.6%.

Bitcoin (BTC-USD) rose 1.7% to $79,950, and the yield for 10-year US Treasuries gained 6.8 basis points to 4.45%.

In economic news, new orders for US factory goods rose 1.5% in March, above expectations for a 0.6% gain in a Bloomberg survey, following a revised 0.3% increase in February. Excluding a 0.8% rebound in transportation orders, new orders would have been up 1.6%, topping the projected 1.3% gain and matching February's pace.

In corporate news, Boyd, which is backed by Goldman Sachs ( GS ) Asset Management, is offering a deeply discounted loan to refinance its capital structure following the sale of its liquid-cooling business to Eaton (ETN), Bloomberg reported. Goldman shares fell 2.2%.

Carlyle (CG) arranged a first-of-its-kind financing that will seed its next flagship buyout fund while repaying investors in some of its older funds, Bloomberg reported. Carlyle shares rose 1.1%.

American Express Global Business Travel, which is operated by Global Business Travel ( GBTG ) , agreed to be acquired by Long Lake Management for $6.3 billion in cash. Global Business Travel ( GBTG ) shares surged 58%.

Blackstone (BX) Digital Infrastructure Trust set its initial public offering at 87.5 million shares with an anticipated price of $20 a share. Blackstone shares fell 1.7%.

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