Sector Update: Financial Stocks Decline Late Afternoon

03:54 PM EST, 02/09/2026 (MT Newswires) -- Financial stocks were lower in Monday late afternoon trading, with the NYSE Financial Index easing 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.6%.

The Philadelphia Housing Index was decreasing 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was adding 0.6%.

Bitcoin (BTC-USD) was rising 0.7% to $70,815, and the yield for 10-year US Treasuries was slightly lower at 4.20%.

In economic news, US consumers' three- and five-year inflation expectations remained unchanged in January, but fell at the one-year horizon, a survey by the Federal Reserve Bank of New York showed Monday.

In corporate news, Ares Management (ARES) shares gained 5% after Raymond James upgraded the stock to strong buy from market perform, with a price target of $157.

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%.

Activist investor HoldCo Asset Management said Monday at a conference that it won't pursue proxy fights against KeyCorp (KEY) and Eastern Bankshares (EBC) despite previously threatening to do so, Bloomberg reported. KeyCorp (KEY) shares were down 0.6%, and Eastern Bankshares (EBC) rose 0.5%.

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 5.9%.

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