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Sector Update: Financial Stocks Rise Late Afternoon

BY MT Newswires | TREASURY | 01/29/26 03:56 PM EST

03:56 PM EST, 01/29/2026 (MT Newswires) -- Financial stocks rose in late Thursday afternoon trading, with the NYSE Financial Index advancing 0.9% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.8%.

The Philadelphia Housing Index rose 0.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) gained 1.4%.

Bitcoin (BTC-USD) was falling 6.3% to $83,864, and the yield for 10-year US Treasuries dropped 2.2 basis points to 4.23%.

In economic news, initial jobless claims declined to 209,000 in the week ended Jan. 24 from an upwardly revised 210,000 in the previous week, compared with expectations for 205,000 in a survey of analysts compiled by Bloomberg.

New orders for US factory goods rose 2.7% in November, above expectations for a 1.6% increase in a Bloomberg survey and following a 1.2% drop in October.

In sector news, Commodity Futures Trading Commission Chairman Michael Selig said Thursday that his agency will craft new rules for the prediction markets industry, Bloomberg reported Thursday, citing prepared remarks.

In corporate news, Virtu Financial (VIRT) shares jumped more than 7% after the company posted better-than-expected Q4 results.

Mastercard (MA) reported Q4 results ahead of Wall Street's estimates, buoyed by double-digit gains in cross-border volume amid healthy spending trends. The shares gained 4.2%.

BBVA (BBVA) plans to issue two risk transfer deals linked to about 7 billion euros ($8.4 billion) of assets, Bloomberg reported. BBVA shares added 1%.

Blackstone-backed (BX) Liftoff Mobile filed a preliminary prospectus on Thursday with US regulators for a planned IPO of 25.4 million shares priced at $26 to $30 each. Separately, Blackstone is in advanced talks to become the largest shareholder of New World Development, Bloomberg reported. Blackstone shares fell 2.7%.

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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