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Sector Update: Financial Stocks Rise Late Afternoon
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Sector Update: Financial Stocks Rise Late Afternoon
Mar 30, 2026 1:24 PM

03:57 PM EDT, 03/30/2026 (MT Newswires) -- Financial stocks were advancing late Monday afternoon, with the NYSE Financial Index adding 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) rising 0.7%.

The Philadelphia Housing Index shed 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.2%.

Bitcoin (BTC-USD) was up 0.5% to $66,277, and the yield for 10-year US Treasuries dropped 9.8 basis points to 4.34%.

In economic news, the Dallas Fed's monthly manufacturing index fell to minus 0.2 in March from 0.2 in February, compared with expectations for a 1.5 print.

In corporate news, Apollo Global Management ( APO ) is closing in on a deal to buy Atlantic Aviation from KKR (KKR) in a deal that would value the company at nearly $10 billion, Bloomberg reported. Apollo shares added 1.1%, and KKR gained 2%.

Blackstone (BX) said Monday it has closed its Blackstone Life Sciences VI fund after securing $6.3 billion in total capital commitments. Separately, Blackstone is launching a hedge fund for affluent clients, including doctors, lawyers and other professionals, Bloomberg reported. Blackstone rose 3.1%.

Carlyle (CG) plans to launch a fund targeting the defense sector, Bloomberg reported. The company has begun early discussions with investors, positioning the fund as a way to invest in the expansion of the US industrial and manufacturing base, the report said. Carlyle shares climbed 1.7%.

Bank of America ( BAC ) rose 0.4%. The company has agreed to pay $72.5 million to settle a lawsuit accusing it of enabling abuse by Jeffrey Epstein, Reuters reported, citing court records.

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