Sector Update: Financial Stocks Mixed Monday Afternoon

BY MT Newswires | TREASURY | 02:00 PM EST

02:00 PM EST, 02/09/2026 (MT Newswires) -- Financial stocks were mixed in Monday afternoon trading, with the NYSE Financial Index fractionally higher and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.3%.

The Philadelphia Housing Index was decreasing 0.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was adding 0.3%.

Bitcoin (BTC-USD) was easing 0.1% to $70,252, and the yield for 10-year US Treasuries was slightly higher at 4.21%.

In corporate news, NatWest (NWG) said Monday it has agreed to buy wealth manager Evelyn Partners from funds advised by Permira and Warburg Pincus for an enterprise value of about 2.7 billion British pounds ($3.67 billion). NatWest (NWG) shares were falling 5.8%.

Apollo Global Management (APO) is nearing a deal to lend $3.4 billion to an investment vehicle that will buy Nvidia (NVDA) chips and lease them to Elon Musk's xAI, The Information reported. Separately, Apollo reported Q4 adjusted net income Monday of $2.47 per share, up from $2.22 a year earlier. Analysts polled by FactSet expected $2.04. Apollo shares rose 1.2%.

Banco Santander (SAN) is looking to issue a significant risk transfer, or SRT, on a loan portfolio of more than 1 billion British pounds ($1.36 billion), Bloomberg reported. Santander shares added 1%.

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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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