Sector Update: Financial Stocks Rise Wednesday Afternoon

01:51 PM EDT, 09/02/2026 (MT Newswires) -- Financial stocks were advancing Wednesday afternoon, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each adding about 0.8%. The Philadelphia Housing Index was climbing up 1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.7%. Bitcoin (BTC-USD) was declining 0.4% to $77,105, and the yield for 10-year US Treasuries was slightly lower at 4.792%. In economic news, ADP's monthly measure of private payrolls showed a 38,000 rise in August, below a 47,000 gain expected in a Bloomberg survey, following a 46,000 increase in July. New orders for US factory goods rose by 0.9% in July, above expectations for a 0.7% increase in a survey compiled by Bloomberg and following a 0.2% decrease in June. In corporate news, KKR (KKR) has agreed to buy residential garage door repair and replacement company A1 Garage Door Service for about $2 billion, Reuters reported. Shares rose 0.6%. TPG (TPG) has filed a confidential application to list hospital assets worth nearly $8 billion in Malaysia, The Wall Street Journal reported. TPG shares added 0.6%. Citigroup's (C) Citibank NA London Branch has been fined about 4.7 million British pounds ($6.3 million) under the UK's Russia sanctions regime, Britain's Office of Financial Sanctions Implementation said. Citi shares were up 0.8%.