Sector Update: Financial
MT newswire2026/10/05 19:3203:32 PM EDT, 10/05/2026 (MT Newswires) -- Financial stocks rose in late Monday afternoon trading with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each adding 0.9%. The Philadelphia Housing Index fell 0.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) declined 0.4%. Bitcoin (BTC-USD) shed 0.9% to $85,744, and the yield for 10-year US Treasuries rose 3.4 basis points to 5.31%. In corporate news, Citigroup (C) is reducing its investment banking analyst program to two years from three to retain junior bankers amid competition from private equity firms, Bloomberg reported. Citi shares were steady.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Strip Out AI and the S&P 500 Looks Very Different, Goldman Index Shows
Bitcoin plunged nearly $2,000 in 20 minutes, about $400 millions in long positions liquidated.
According to the data, on October 6, 2026, bitcoin fell more than 5% during the session, plummeting nearly $2,000 within about 20 minutes, resulting in the liquidation of approximately $400 million in leveraged long positions.
AI cloud startup Lambda, backed by Nvidia, races toward IPO: planning to raise up to $4 billions in the final pre-listing round, with a valuation of $14.5 billions
Cloud computing company Lambda, backed by NVIDIA, is launching its final funding round before its IPO, aiming to raise up to 4 billion US dollars.
United States Dollar Index retakes 102.00 as bulls eye YTD peak ahead of FOMC Minutes
Crypto prices
More
