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Sector Update: Financial

BY MT Newswires | TREASURY | 01/13/26 03:28 PM EST

03:28 PM EST, 01/13/2026 (MT Newswires) -- Financial stocks declined in late Tuesday afternoon trading with the NYSE Financial Index falling 1.3% and the State Street Financial Select Sector SPDR ETF (XLF) dropping 1.9%.

The Philadelphia Housing Index was up 0.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.6%.

Bitcoin (BTC-USD) gained 3.5% to $94,374, and the yield for 10-year US Treasuries declined 2 basis points to 4.17%.

In corporate news, UBS (UBS) is preparing to enact a new round of layoffs after it decommissions some of the computer systems it now owns as part of its acquisition of Credit Suisse, Bloomberg reported, citing an interview with Chief Executive Sergio Ermotti. Ermotti said that fewer than 3,000 jobs will be cut in Switzerland, which will begin between now and early 2027, Bloomberg reported. Separately, Ermotti plans to step down in April 2027, the Financial Times reported. UBS shares were down 1.1%.

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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