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Sector Update: Financial

Sector Update: Financial

MT newswireMT newswire2026/10/16 17:20
01:20 PM EDT, 10/16/2026 (MT Newswires) -- Financial stocks were mixed in Friday afternoon trading, with the NYSE Financial Index adding 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) shedding less than 0.1%. The Philadelphia Housing Index was fractionally higher, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.1%. Bitcoin (BTC-USD) was declining 1.2% to $81,099, and the yield for 10-year US Treasuries was rising 2.5 basis points to 5.11%. In corporate news, Travelers' (TRV) Q3 earnings and net written premiums unexpectedly increased year over year, although the property and casualty insurer incurred higher catastrophe losses. Its shares rose 0.4%.
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