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Sector Update: Financial Stocks Mixed Late Afternoon
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Sector Update: Financial Stocks Mixed Late Afternoon
Apr 7, 2026 1:27 PM

04:01 PM EDT, 04/07/2026 (MT Newswires) -- Financial stocks were mixed in late Tuesday afternoon trading, with the NYSE Financial Index decreasing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.1%.

The Philadelphia Housing Index fell 1.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was marginally higher.

Bitcoin (BTC-USD) declined 0.9% to $69,059, and the yield for 10-year US Treasuries shed two basis points to 4.32%.

In economic news, new orders for US durable goods fell by 1.4% in February, following a smaller 0.5% decrease, below expectations for a 1.2% decrease in a Bloomberg-compiled survey. Excluding a 5.4% drop in transportation orders, new orders would have been up 0.8% in February after a 0.3% increase in January. Expectations were for a 0.5% gain.

US consumer credit use rose by $9.5 billion in February, compared with a $10.3 billion increase expected in a survey compiled by Bloomberg and following a $7.7 billion increase in the previous month.

In corporate news, Pacific Investment Management is in talks with Bank of America ( BAC ) on a deal to help provide about $14 billion in debt financing to build an Oracle (ORCL) data center in Michigan, Bloomberg reported. Bank of America ( BAC ) shares added 0.7%.

Deutsche Bank's ( DB ) US distressed products group reported Q1 net profit doubled from a year earlier, Bloomberg reported. The team posted over $100 million in net profit, partly fueled by shorting a basket of software companies' debt, the report said. Deutsche shares rose 0.3%.

Hologic (HOLX) said Tuesday that funds managed by Blackstone (BX) and TPG (TPG) have completed their acquisition of the company. Separately, a consortium of Blackstone and Tinicum have agreed to buy Senior at a value of roughly 1.28 billion pounds ($1.69 billion), Bloomberg reported. Blackstone shares were up 0.3%, and TPG shed 0.1%.

Citigroup ( C/PN ) (C) has raised performance targets for bankers in its wealth management unit, the Financial Times reported. Citi shares were 0.4% lower.

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