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Sector Update: Financial Stocks Mixed Tuesday Afternoon
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Sector Update: Financial Stocks Mixed Tuesday Afternoon
Apr 7, 2026 11:26 AM

02:02 PM EDT, 04/07/2026 (MT Newswires) -- Financial stocks were mixed in Tuesday afternoon trading with the NYSE Financial Index increasing 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) fractionally lower.

The Philadelphia Housing Index fell 1.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.2%.

Bitcoin (BTC-USD) declined 0.6% to $68,456, and the yield for 10-year US Treasuries gained 2.9 basis points to 4.36%.

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.

In corporate news, 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 fell 0.2%.

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 0.6%, and TPG added 0.5%.

Citigroup ( C/PN ) (C) has raised performance targets for bankers in its wealth management unit, the Financial Times reported. Citi shares were down 0.2%.

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