Sector Update: Financial
MT newswire2026/08/27 19:31Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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03:31 PM EDT, 08/27/2026 (MT Newswires) -- Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index shedding 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.7%. The Philadelphia Housing Index was falling 1.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.9%. Bitcoin (BTC-USD) was rising 1.4% to $80,127, and the yield for 10-year US Treasuries was slightly higher at 4.672%. In corporate news, Bank of America (BAC), UBS (UBS), and UniCredit are working with private aviation firm Vista Global on a potential initial public offering in Europe that could raise over $1 billion, Bloomberg reported. Bank of America shares were down 1.6%, and UBS was shedding 0.3%.
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