Sector Update: Financial

MT newswire2026/10/16 17:20

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01:20 PM EDT, 10/16/2026 (MT Newswires) -- Financial stocks were mixed in Friday afternoon trading, with the NYSE Financial Index adding 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) shedding less than 0.1%. The Philadelphia Housing Index was fractionally higher, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.1%. Bitcoin (BTC-USD) was declining 1.2% to $81,099, and the yield for 10-year US Treasuries was rising 2.5 basis points to 5.11%. In corporate news, Travelers' (TRV) Q3 earnings and net written premiums unexpectedly increased year over year, although the property and casualty insurer incurred higher catastrophe losses. Its shares rose 0.4%.

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A survey released by the New York Fed on Friday shows that in October, sales prices for service sector firms increased at the fastest pace since 2022, with input costs remaining robust and supply conditions continuing to deteriorate. Businesses’ pessimism about the commercial outlook has significantly intensified, with the overall business activity index falling by 12 points from the previous month to minus 20.7, marking the weakest reading since March.

华尔街见闻•2026/10/16 22:46