Small font size A Larger text size A Largest text size A

Sector Update: Financial

BY MT Newswires | TREASURY | 01:06 PM EST

01:06 PM EST, 01/16/2026 (MT Newswires) -- Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.7%.

The Philadelphia Housing Index was down 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 1%.

Bitcoin (BTC-USD) was declining 0.6% to $95,049, and the yield for 10-year US Treasuries was rising 6 basis points to 4.22%.

In corporate news, PNC Financial Services (PNC) reported Q4 results above Wall Street's estimates on Friday amid net interest income gains and lower provision for credit losses. Its shares jumped 4%.

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

More Fixed Income News

US Equity Indexes Muted, Treasury Yields Rise After Trump Appears to Rule Out Hassett as Next Fed Chair BY MT Newswires |TREASURY 03:55 PM EST
Sector Update: Financial Stocks Rise Late Afternoon BY MT Newswires |TREASURY 03:53 PM EST
Inter Gains Federal Reserve Approval to Establish U.S. Banking Branch BY GlobeNewswire |ECONOMIC 03:50 PM EST
Fed's Michelle Bowman Backs Further Policy Easing Amid Labor Market Fragility BY MT Newswires |ECONOMIC 03:45 PM EST

All Fixed Income News

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.

fir_news_article