financetom
Market
financetom
/
Market
/
Sector Update: Financial Stocks Higher Late Afternoon
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Financial Stocks Higher Late Afternoon
Mar 16, 2026 1:28 PM

03:50 PM EDT, 03/16/2026 (MT Newswires) -- Financial stocks were advancing in late Monday afternoon trading, with the NYSE Financial Index rising 1.2% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.9%.

The Philadelphia Housing Index was adding 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) gained 1%.

Bitcoin (BTC-USD) was increasing 1.9% to $74,168, and the yield for 10-year US Treasuries dropped 6.5 basis points to 4.22%.

In economic news, industrial production rose 0.2% in February, compared with 0.7% in January and higher than 0.1% forecast by analysts surveyed by Bloomberg. Manufacturing output rose 0.2% in February from 0.8% in the month earlier and above the 0.1% expected in a Bloomberg-compiled survey.

The National Association of Home Builders' monthly housing market index rose to 38 in March from an upwardly revised print of 37 in the month earlier, and higher than the 37 estimated in a survey compiled by Bloomberg.

In corporate news, OneMain ( OMF ) is being sued by New York Attorney General Letitia James and a bipartisan coalition of 12 other state attorneys general for allegedly misleading customers and trapping them in debt, according to a statement from James' office. OneMain ( OMF ) shares were down 4.7%.

A JPMorgan Chase ( JPM )-led (JPM) group of Wall Street banks started a $5.75 billion cross-border leveraged loan sale to help finance Electronic Arts' (EA) buyout, Bloomberg reported. JPMorgan ( JPM ) shares added 1%.

Public Storage ( PSA ) agreed to acquire smaller self-storage facilities operator National Storage Affiliates Trust ( NSA ) in an all-stock deal worth about $10.5 billion, expanding its presence in high-growth markets. Public Storage ( PSA ) shares were down 2%, and National Storage jumped past 29%.

Apollo Global Management ( APO ) is in talks to purchase a significant minority stake in Syntegon in a deal valuing the German packaging machine maker at up to 4 billion euros ($4.6 billion), Bloomberg reported. Apollo shares decreased 0.6%.

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 >
Sector Update: Financial Stocks Higher Late Afternoon
Sector Update: Financial Stocks Higher Late Afternoon
Mar 16, 2026
03:50 PM EDT, 03/16/2026 (MT Newswires) -- Financial stocks were advancing in late Monday afternoon trading, with the NYSE Financial Index rising 1.2% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.9%. The Philadelphia Housing Index was adding 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) gained 1%. Bitcoin (BTC-USD) was increasing 1.9%...
TREASURIES-US government bonds rise as oil drops, but Iran outlook still murky
TREASURIES-US government bonds rise as oil drops, but Iran outlook still murky
Mar 16, 2026
* Treasuries yields fall as oil prices retreat, equities rebound * Iran conflict's impact on bond market remains uncertain * Fed rate cut expectations reduced amid inflation concerns * US one-year inflation swaps dip, but still elevated (Adds new comment, U.S. data, updates yields) By Gertrude Chavez-Dreyfuss NEW YORK, March 16 (Reuters) - U.S. Treasuries rebounded on Monday, with risk...
Sector Update: Tech Stocks Gain Late Afternoon
Sector Update: Tech Stocks Gain Late Afternoon
Mar 16, 2026
03:49 PM EDT, 03/16/2026 (MT Newswires) -- Tech stocks were higher late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 2.1%. The Philadelphia Semiconductor index climbed 2%. In corporate news, Nebius ( NBIS ) shares jumped past 15% after it said Monday it signed...
US STOCKS-Wall Street ends higher as traders return to AI stocks
US STOCKS-Wall Street ends higher as traders return to AI stocks
Mar 16, 2026
* Meta gains after report it plans to shrink 20% jobs * Dollar Tree ( DLTR ) rallies after signaling tariff relief * Nvidia's ( NVDA ) conference could boost AI confidence (Updates with market close) By Noel Randewich and Johann M Cherian March 16 (Reuters) - Wall Street ended sharply higher on Monday, fueled by gains in AI-related stocks,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved