Sector Update: Financial Stocks Fall Tuesday Afternoon

01:45 PM EST, 01/13/2026 (MT Newswires) -- Financial stocks declined in Tuesday afternoon trading with the NYSE Financial Index falling 1.1% and the State Street Financial Select Sector SPDR ETF (XLF) dropping 1.6%.

The Philadelphia Housing Index was little changed, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.2%.

Bitcoin (BTC-USD) gained 2.3% to $93,277, and the yield for 10-year US Treasuries declined 2 basis points to 4.17%.

In economic news, the consumer price index rose 2.7% annually in December, matching November's pace and meeting expectations by analysts. Core CPI, which excludes food and energy prices, increased 2.6% annually, below the 2.7% consensus, and rose 0.2% on the month, short of forecasts for a 0.3% gain.

In corporate news, JPMorgan Chase (JPM) reported Q4 adjusted earnings above market expectations, though revenue fell short of estimates amid lower investment banking fees. CEO Jamie Dimon said markets are underappreciating macroeconomic headwinds despite the US economy remaining "resilient." JPMorgan (JPM) shares fell 3.8%.

Bank of New York Mellon (BK) shares rose 1.6% after Q4 adjusted earnings and revenue rose more than expected by analysts.

BlackRock (BLK) plans to trim 1% of its global workforce, or roughly 250 employees, Bloomberg reported. The reductions include members of its investment and sales team, the report said. BlackRock (BLK) shares fell 0.4%.

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