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Sector Update: Financial Stocks Advance Tuesday Afternoon

BY MT Newswires | TREASURY | 01/06/26 02:10 PM EST

02:10 PM EST, 01/06/2026 (MT Newswires) -- Financial stocks rose in Tuesday afternoon trading with the NYSE Financial Index gaining 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.6%.

The Philadelphia Housing Index gained 0.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.4%.

Bitcoin (BTC-USD) fell 2.1% to $91,909, and the yield for 10-year US Treasuries rose 1.6 basis point to 4.18%.

In economic news, the US services sector grew last month at the slowest pace since April amid weak business inflows and employment volumes, while the outlook deteriorated, S&P Global (SPGI) said. The firm's services purchasing managers' index fell to 52.5 in December from 54.1 the previous month.

In corporate news, TPG (TPG) will make a $500 million minority investment in Jackson Financial (JXN) as part of a long-term strategic partnership that includes an investment-management arrangement. TPG shares rose 3.1%, and Jackson climbed 4%. Separately, TPG is close to buying the UK operation of UnitedHealth Group's (UNH) Optum unit, Sky News reported.

American International Group (AIG) said CEO Peter Zaffino will step down after more than five years in the job and shift to executive chair from chairman by mid-year. AIG shares dropped 6.8%.

KKR (KKR) is among the top bidders seeking to acquire TPG's XCL Education, a Southeast Asian K-12 private-school chain valued at up to $2 billion, the Wall Street Journal reported. KKR shares rose 0.6%.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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