Sector Update: Financial Stocks Rise Late Afternoon

04:04 PM EST, 11/09/2026 (MT Newswires) -- Financial stocks were advancing in late Monday afternoon trading, with the NYSE Financial Index rising 2.1% and the State Street Financial Select Sector SPDR ETF (XLF) adding 1.5%. The Philadelphia Housing Index climbed 3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 1.7%. Bitcoin (BTC-USD) was easing 1.2% to $74,767, and the yield for 10-year US Treasuries was 1.3 basis points higher at 4.87%. In economic news, wholesale inventories rose 0.7% in September, up from 0.6% in the advance reading and a 0.6% gain in August, versus consensus in a Bloomberg-compiled poll for an unrevised print. Consumer expectations for one-year US inflation growth were unchanged in October from a 3.9% gain in the previous month, according to a survey released by the New York Federal Reserve Bank on Monday. In corporate news, KKR (KKR) shares rose 1.6% after it reported Q3 adjusted EPS of $1.78, up from $1.41 a year earlier, and above the FactSet estimate of $1.58. Separately, KKR is working on a deal to sell up to 49% of UK power producer ContourGlobal, Bloomberg reported. Oppenheimer's (OPY) investment banking unit Oppenheimer & Co. said Monday that it will remain in Manhattan, but will relocate its headquarters less than half a mile away to 32 Old Slip in Lower Manhattan. Oppenheimer shares were up 2.6%. Intercontinental Exchange (ICE) shares added 1% after the company said Monday it plans to launch wind futures on Dec. 14 for seven European countries, subject to regulatory approval. Barclays (BCS) shares climbed 3.9% after it said it opened an office in Riyadh's King Abdullah Financial District after receiving an operational license from Saudi Arabia's Capital Market Authority for investment banking and global markets activities.