Sector Update: Financial Stocks Retreat Monday Afternoon

01:47 PM EDT, 09/14/2026 (MT Newswires) -- Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index decreasing 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.5%. The Philadelphia Housing Index eased 0.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 0.4%. Bitcoin (BTC-USD) was rising 2.6% to $78,780, and the yield for 10-year US Treasuries was decreasing 2 basis points to 4.955%. In economic news, the US Federal Reserve is expected to raise interest rates by 25 basis points at this week's policy meeting, with its latest "dot plot" likely signaling another hike later this year, UBS Securities said in a note e-mailed Monday. The Federal Open Market Committee kicks off its two-day meeting on Tuesday, with a decision due Wednesday. The committee will also publish its Summary of Economic Projections document that includes FOMC members' anonymous expectations regarding monetary policy, dubbed the dot plot. In corporate news, Baldwin Insurance (BWIN) has agreed to be acquired and taken private by a consortium that includes the family investment firm of Dell Technologies (DELL) Chief Executive Michael Dell, in a deal worth $7.7 billion. Baldwin shares jumped 7.6%. JPMorgan (JPM) is set to launch its frontier market local-currency government bond index by the end of September, Reuters reported, citing a JPMorgan note to investors. JPMorgan shares were down 2.3%. Santander (SAN), BBVA (BBVA) and Deutsche Bank (DB) are working on several significant risk transfer, or SRT, deals, Bloomberg reported. The European banking giants are lining up deals to offload default risk linked to at least $17.5 billion in loans to companies in several sectors, the report said. Santander shares were down 1.8%, BBVA shed 1.7%, and Deutsche Bank fell 3.3%.