Sector Update: Financial Stocks Advance Late Afternoon

04:01 PM EST, 02/02/2026 (MT Newswires) -- Financial stocks rose in late Monday afternoon trading, with the NYSE Financial Index adding 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) up 1%.

The Philadelphia Housing Index gained 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 0.8%.

Bitcoin (BTC-USD) was rising 1.3% to $78,043, and the yield for 10-year US Treasuries climbed 3.6 basis points to 4.28%.

In economic news, the Institute for Supply Management's US manufacturing index rose to 52.6 in January from 47.9 in December, compared with expectations for 48.5 in a survey compiled by Bloomberg.

The S&P Global US manufacturing index for January was revised higher to 52.4 from the flash reading of 51.9, compared with expectations for an upward revision to 52.0 in a Bloomberg survey.

In corporate news, Brookfield Asset Management (BAM) agreed to buy Peakstone Realty Trust (PKST) for $1.2 billion in cash. Brookfield shares rose 2.3%, and Peakstone jumped 33%.

KKR (KKR) is nearing a deal to acquire ST Telemedia Global Data Centres in a deal valuing the business at more than 13 billion Singapore dollars ($10.2 billion), the Wall Street Journal reported Sunday. KKR shares added 0.2%.

Carlyle (CG) started exploratory discussions with investors in the United Arab Emirates to bring in partners should its initial deal to buy Lukoil's international assets go ahead, Reuters reported Saturday. Carlyle shares gained 2.4%.

Ares Management (ARES) said Monday that it, along with DaVita (DVA), has entered into an agreement to invest in home care provider Elara Caring. Ares shares were down 2.1%.

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