financetom
Market
financetom
/
Market
/
Sector Update: Financial Stocks Higher Tuesday Afternoon
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Financial Stocks Higher Tuesday Afternoon
Jul 28, 2026 11:08 AM

01:41 PM EDT, 07/28/2026 (MT Newswires) -- Financial stocks rose in Tuesday afternoon trading with the NYSE Financial Index advancing 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) gaining 1.2%.

The Philadelphia Housing Index climbed 2.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 1.2%.

Bitcoin (BTC-USD) rose 0.5% to $63,978, and the yield for 10-year US Treasuries fell 4.3 basis points to 4.598%.

In economic news, US consumer confidence unexpectedly fell in July, with "little improvement" in business conditions expected over the next six months, a survey by the Conference Board showed Tuesday. The consumer confidence index dropped to 90.8 this month from June's upwardly revised reading of 92.2. The consensus was for a 92.4 print in a Bloomberg survey.

In corporate news, Visa (V) plans to trim around 2,600 jobs as part of CEO Ryan McInerney's plan to streamline operations. The cuts, representing 7% of its workforce, will mainly affect technology and product teams. Visa shares rose 1.8%.

Brookfield Asset Management ( BAM ) plans to focus renewable energy investments in India on states with stronger power grids as transmission constraints limit wind and solar generation elsewhere, Bloomberg reported Tuesday. Brookfield shares added 0.8%.

Barclays ( BCS ) Chief Financial Officer Anna Cross said Tuesday it is shifting its compensation model toward a Wall Street-style structure by increasing performance-based pay while reducing fixed salaries for senior bankers, according to Bloomberg. Barclays ( BCS ) shares fell 5.4%.

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 >
Dow Jones spikes over 900 points, NASDAQ ralies 3%
Dow Jones spikes over 900 points, NASDAQ ralies 3%
May 25, 2025
US stock indices surged on Monday after the announcement of a trade deal and a lull in the trade tensions between the worlds two biggest economies. The US and China announced a massive cut in reciprocal tariffs for 90 days amid efforts to contain trade tensions and reach a resolution. According to the temporary agreement, the US will cut tariffs...
NASDAQ leads Wall Street higher towards 19,000 points
NASDAQ leads Wall Street higher towards 19,000 points
May 25, 2025
Most US stock indices, except the Dow, rose on Tuesday, led by the tech sector as the trade tensions cooled. Earlier data showed US consumer prices rose 2.3% y/y in April, down from 2.4% in March, and below estimates of 2.4%. US core prices, excluding food and energy, rose 2.8% in April, same as March and matching estimates. US consumer...
Dow Jones closes higher and marks longest winning streak in 2025
Dow Jones closes higher and marks longest winning streak in 2025
May 25, 2025
Both the Dow Jones and SP 500 managed to close higher on Monday for the fifth straight session, marking the longest winning streak in 2025, while NASDAQ closed higher as markets analyze latest corporate earnings results. US Treasury Secretary Scott Bessent called on China to calm trade tensions, and said the responsibility falls on China for reaching a trade deal....
Dow Jones surges over 900 points with NASDAQ rallying 4%
Dow Jones surges over 900 points with NASDAQ rallying 4%
May 25, 2025
US stock indices rallied on Wednesday as concerns about the trade war calmed down, and following positive statements by US President Donald Trump about Fed Chair Powell. The strong gains came after a report by the Wall Street Journal about Trumps plans to reduce tariffs on China from upwards of 245% to just 50%. Trump admitted on Tuesday that current...
Copyright 2023-2026 - www.financetom.com All Rights Reserved