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Sector Update: Financial Stocks Higher Monday Afternoon
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Sector Update: Financial Stocks Higher Monday Afternoon
Apr 6, 2026 11:22 AM

01:58 PM EDT, 04/06/2026 (MT Newswires) -- Financial stocks were advancing Monday afternoon, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.5%.

The Philadelphia Housing Index was increasing 0.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was adding 0.3%.

Bitcoin (BTC-USD) was rising 0.9% to $69,567, and the yield for 10-year US Treasuries was increasing 2 basis points to 4.33%.

In economic news, the Institute for Supply Management's US services index fell to 54.0 in March from 56.1 in February, compared with expectations for 54.9 in a Bloomberg poll. The index indicates a slower pace of expansion.

In corporate news, supply disruptions caused by the Iran war could keep inflation and interest rates higher than expected, JPMorgan ( JPM ) CEO Jamie Dimon said. JPMorgan ( JPM ) was up 0.7%.

Blackstone-backed (BX) QTS has launched the sale of a 10-year investment-grade green bond amid the company's data center buildout in Fayetteville, Georgia, Bloomberg reported. Blackstone shares were down 1%.

Sumitomo Mitsui Financial Group ( SMFG ) and Nippon Life Insurance are in discussions to establish a private credit fund with an initial capital of at least 500 billion Japanese yen ($3.14 billion), Bloomberg reported. Sumitomo shares were fractionally lower.

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