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
Jul 14, 2026 1:15 PM

03:59 PM EDT, 07/14/2026 (MT Newswires) -- Financial stocks were advancing in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.3%.

The Philadelphia Housing Index was up 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.5%.

Bitcoin (BTC-USD) was gaining 3.6% to $64,499, and the yield for 10-year US Treasuries was decreasing 2.4 basis points to 4.585%.

In economic news, the US seasonally adjusted consumer price index fell by 0.4% in June, compared with expectations of a 0.1% decline in a survey compiled by Bloomberg and following a 0.5% increase in May, the Bureau of Labor Statistics said Tuesday. Core CPI, which excludes food and energy prices, held steady, compared to the consensus estimate of a 0.2% gain. Core CPI rose by 0.2% in May. The year-over-year rates for headline and core CPI slowed to 3.5% and 2.6%, respectively, from 4.2% and 2.9% in May.

In corporate news, Switch, a data center operator, has hired Goldman Sachs ( GS ) and JPMorgan Chase ( JPM ) as lead underwriters for an IPO that could raise up to $10 billion as soon as Q4, valuing the company at roughly $80 billion, including debt, Reuters reported. Separately, Goldman's Q2 results topped Wall Street's estimates as a record performance in the global banking and markets business propelled its revenue growth. JPMorgan ( JPM ) reported Q2 results above market expectations on Tuesday, driven by higher investment banking fees and markets revenue. Goldman shares rose past 8%, and JPMorgan ( JPM ) added 2.3%.

Bank of America's ( BAC ) Q2 results beat Wall Street's estimates on Tuesday as increased client activity helped drive sharp gains in investment banking fees and trading revenue. Its shares climbed 2.1%.

Warren Buffett said Tuesday that his goal is to dispose of all of his Berkshire Hathaway ( BRK/A ) (BRK.A, BRK.B) shares within roughly eight years. The statement came alongside an announcement that Buffett on Tuesday will convert 8,000 Berkshire Class A shares into 12 million Berkshire Class B shares that will be donated to four foundations. Berkshire Class A shares were down 0.6%, and the Class B shares were shedding 0.8%.

KKR (KKR) is one of several suitors to make a non-binding offer for Logoplaste, as the Portuguese packaging maker's majority shareholder works on a potential sale that could value it at about $1.94 billion, Bloomberg reported. Separately, Thomson Reuters (TRI) said Tuesday it has agreed to sell a 51% stake in its global print unit to KKR for roughly $500 million in a joint venture transaction expected to close in Q4. KKR shares were up 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 >
TREASURIES-US yields flat to marginally higher following durables data
TREASURIES-US yields flat to marginally higher following durables data
May 24, 2024
NEW YORK, May 24 (Reuters) - U.S. Treasury yields were little changed to slightly higher on Friday in choppy trading after yet another report suggesting that the world's largest economy is far from slowing down, which is likely to push the Federal Reserve to hold off cutting interest rates this year. Volume is thinner than usual ahead of the Memorial...
EMERGING MARKETS-Most Latam FX set for weekly losses as Fed rate cut hopes ebb
EMERGING MARKETS-Most Latam FX set for weekly losses as Fed rate cut hopes ebb
May 24, 2024
* Latam stocks up 0.1%, though set for weekly loss * Chile's peso jumps after local rate decision By Shashwat Chauhan May 24 (Reuters) - Most Latin American currencies were set for weekly losses on Friday as crumbling expectations for Federal Reserve interest rate cuts propped up the dollar, while Chile's peso outpaced peers following a smaller local interest rate...
Wall St Week Ahead-Inflation data, presidential debate could sink summer rally
Wall St Week Ahead-Inflation data, presidential debate could sink summer rally
May 24, 2024
NEW YORK, May 23 (Reuters) - The typical summer slowdown in U.S. stock markets may be more pronounced this year with inflation jitters and an early presidential debate that have the potential to weigh on a rally that has pushed the S&P 500 near record highs in recent months. The S&P 500 is up nearly 12% this year on strong...
Inflation data, presidential debate could sink summer rally
Inflation data, presidential debate could sink summer rally
May 24, 2024
NEW YORK (Reuters) - The typical summer slowdown in U.S. stock markets may be more pronounced this year with inflation jitters and an early presidential debate that have the potential to weigh on a rally that has pushed the S&P 500 near record highs in recent months. The S&P 500 is up nearly 12% this year on strong earnings and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved