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Sector Update: Financial Stocks Retreat Tuesday Afternoon

BY MT Newswires | TREASURY | 02:02 PM EST

02:02 PM EST, 02/10/2026 (MT Newswires) -- Financial stocks were lower in Tuesday afternoon trading, with the NYSE Financial Index shedding 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) falling 1.4%.

The Philadelphia Housing Index was up 2.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 1.2%.

Bitcoin (BTC-USD) was declining 0.8% to $69,569, and the yield for 10-year US Treasuries was dropping 5 basis points to 4.15%.

In economic news, US retail sales held steady in December, the Census Bureau said, as consumers appeared to pull back on spending at the end of 2025 after kicking the holiday season off at a strong pace. A Bloomberg poll called for a 0.4% rise.

In corporate news, S&P Global (SPGI) shares fell past 9% after it posted Q4 adjusted earnings that missed analysts' expectations. It also issued 2026 adjusted EPS outlook below consensus.

GCM Grosvenor (GCMG) shares jumped past 13% after it reported Tuesday Q4 adjusted net income and operating revenue that rose year on year and beat analysts' estimates.

Brookfield Asset Management (BAM) is close to purchasing a property in Tokyo for roughly 300 billion Japanese yen ($1.93 billion), Bloomberg reported. Brookfield shares added 1.7%.

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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