financetom
Market
financetom
/
Market
/
Sector Update: Financial Stocks Mixed Late Afternoon
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Financial Stocks Mixed Late Afternoon
Aug 10, 2026 1:25 PM

04:02 PM EDT, 08/10/2026 (MT Newswires) -- Financial stocks were mixed in late Monday afternoon trading, with the NYSE Financial Index decreasing 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.2%.

The Philadelphia Housing Index was falling 2.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 1.3%.

Bitcoin (BTC-USD) was declining 1.8% to $63,992, and the yield for 10-year US Treasuries was rising 4.7 basis points to 4.71%.

In sector news, Nvidia (NVDA) is working with some of the world's largest financial firms to build a $500 billion funding package for AI infrastructure development, the Financial Times reported. Apollo Global Management (APO), Blackstone (BX), BlackRock's ( BLK ) Global Infrastructure Partners, Brookfield Asset Management (BAM), Goldman Sachs (GS) and KKR (KKR) are among the companies that have joined the consortium in partnership with Nvidia, the report said.

In corporate news, Blackstone's (BX) portfolio firm Safe Harbor has agreed to acquire MarineMax (HZO) for $53 per share in cash, valuing the recreational boat retailer at about $1.5 billion, including debt, the companies said Monday. Blackstone shares were up 3.3%.

BlackRock ( BLK ) has signed a deal with labor unions to secure construction jobs for new data centers and energy projects, Bloomberg reported. BlackRock ( BLK ) and its $30 billion joint venture with Microsoft (MSFT) and other large tech companies will provide details about upcoming projects with North America's Building Trades Unions, the report said. BlackRock ( BLK ) shares were down 0.5%.

Robinhood (HOOD) said it will begin rolling out cryptocurrency trading to eligible UK customers this week, allowing them to trade digital assets through its app, Bloomberg reported. Robinhood shares added 1.3%.

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 >
Traders Weigh Conflicting Signals on US-Iran Talks, Driving Premarket Losses for US Equity Futures
Traders Weigh Conflicting Signals on US-Iran Talks, Driving Premarket Losses for US Equity Futures
Mar 24, 2026
08:19 AM EDT, 03/24/2026 (MT Newswires) -- US equity futures were lower pre-bell Tuesday as traders stayed on the sidelines amid the latest developments in the US-Iran conflict. Dow Jones Industrial Average futures were down 0.5%, S&P 500 futures were 0.4% lower, and Nasdaq futures were also down 0.4%. President Donald Trump said Monday in a Truth Social post that...
Sector Update: Tech
Sector Update: Tech
Mar 24, 2026
08:52 AM EDT, 03/24/2026 (MT Newswires) -- Technology stocks were mixed premarket Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) slightly lower and the State Street SPDR S&P Semiconductor ETF (XSD) up 1.1%. Concentrix ( CNXC ) stock was down more than 10% after the company reported a decline in fiscal Q1 adjusted earnings which, along with...
Sector Update: Health Care
Sector Update: Health Care
Mar 24, 2026
08:56 AM EDT, 03/24/2026 (MT Newswires) -- Health care stocks were mixed pre-bell Tuesday, with the State Street Health Care Select Sector SPDR ETF (XLV) down 0.2% and the iShares Biotechnology ETF (IBB) slightly higher. Amylyx Pharmaceuticals ( AMLX ) shares were up more than 4% after the company said it has completed patient enrollment for the phase 3 trial...
Sector Update: Tech Stocks Mixed Premarket Tuesday
Sector Update: Tech Stocks Mixed Premarket Tuesday
Mar 24, 2026
09:09 AM EDT, 03/24/2026 (MT Newswires) -- Technology stocks were mixed premarket Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) 0.5% lower and the State Street SPDR S&P Semiconductor ETF ( XSD ) up 0.3%. Concentrix ( CNXC ) stock was down more than 11% after the company reported a decline in fiscal Q1 adjusted earnings which,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved