Sector Update: Financial

01:26 PM EDT, 09/30/2026 (MT Newswires) -- Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.9%. The Philadelphia Housing Index was shedding 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.6%. Bitcoin (BTC-USD) was increasing 0.5% to $84,081, and the yield for 10-year US Treasuries was rising 4.7 basis points to 5.30%. In corporate news, KKR-backed (KKR) medical device maker PHC is in talks to be acquired by Toho for over 200 billion Japanese yen ($1.27 billion), Bloomberg reported. KKR shares were down 1.6%.