Sector Update: Financial

MT newswire2026/10/08 17:22

01:22 PM EDT, 10/08/2026 (MT Newswires) -- Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index fractionally higher and the State Street Financial Select Sector SPDR ETF (XLF) up 0.8%. The Philadelphia Housing Index added 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) increased 0.1%. Bitcoin (BTC-USD) was falling 3% to $80,733, and the yield for 10-year US Treasuries was shedding 3.8 basis points to 5.239%. In corporate news, Goldman Sachs (GS) is preparing more than $500 million in equity awards to about 20 senior executives, Bloomberg reported. Chief Executive David Solomon is expected to receive over $100 million, the report said. Goldman shares were down 0.4%.

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