Sector Update: Financial

01:25 PM EDT, 09/10/2026 (MT Newswires) -- Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index decreasing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.4%. The Philadelphia Housing Index was falling 2.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.6%. Bitcoin (BTC-USD) was declining 1.5% to $77,113, and the yield for 10-year US Treasuries was rising 8.1 basis points to 4.918%. In economic news, the US Bureau of Labor Statistics' wholesale price inflation gauge, the Producer Price Index, jumped 5.4% from a year ago in August, above the 5.3% forecast in a Bloomberg-compiled survey. The PPI edged up 0.4% month over month, as expected, following a 0.1% increase in July. The August print is the highest growth rate since May. In corporate news, Blackstone (BX) said Thursday private equity funds affiliated with Blackstone Capital Partners and Blackstone Energy Transition Partners have signed a deal to acquire Flow Control from Audax Private Equity. Shares were down 2.2%.