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Sector Update: Financial Stocks Mixed Late Afternoon
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Sector Update: Financial Stocks Mixed Late Afternoon
Jun 5, 2026 1:15 PM

03:47 PM EDT, 06/05/2026 (MT Newswires) -- Financial stocks were mixed in late Friday afternoon trading, with the NYSE Financial Index decreasing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) gaining 0.1%.

The Philadelphia Housing Index was down 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.9%.

Bitcoin (BTC-USD) was down 6.2% to $59,675, and the yield for 10-year US Treasuries rose 5.9 basis points to 4.536%.

In economic news, the unemployment rate remained at 4.3% in May, as expected. The labor force participation rate was also unchanged from 61.8% in April, and the size of the labor force rose by 83,000 on an increase in household employment that was partially offset by a decline in household unemployment.

In corporate news, JPMorgan Chase ( JPM ) Chief Executive Jamie Dimon is exploring acquisition opportunities, potentially including a wealth management firm or a private credit business, the New York Post reported Friday, citing people familiar with the matter. JPMorgan ( JPM ) shares rose 0.3%.

Fiserv ( FISV ) shares were down about 3.6% in Friday trading after BNP Paribas downgraded the stock to underperform from neutral and reduced its price target to $46 from $55.

Interactive Brokers ( IBKR ) will allow eligible UK clients to participate in the initial public offering of SpaceX ahead of the listing of its shares on Nasdaq, the company said Friday. Interactive Brokers' ( IBKR ) shares were down 3.4%.

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