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Sector Update: Financial

Sector Update: Financial

MT newswireMT newswire2026/09/02 19:27
03:27 PM EDT, 09/02/2026 (MT Newswires) -- Financial stocks were advancing late Wednesday afternoon, with the NYSE Financial Index adding 1% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.9%. The Philadelphia Housing Index increased 0.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.7%. Bitcoin (BTC-USD) was declining 0.2% to $77,230, and the yield for 10-year US Treasuries was steady at 4.796%. In corporate news, Capital One Financial (COF) was pressed by Democratic Senator Maggie Hassan for details about an internal anti-money laundering review that the bank said last month had led to the closure of accounts tied to President Donald Trump and his businesses, Reuters reported Wednesday, citing a letter sent by the senator to Capital One CEO Richard Fairbank Tuesday. Capital One shares were up 2.6%.
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