Sector Update: Financial Stocks Decline Late Afternoon

03:52 PM EST, 02/11/2026 (MT Newswires) -- Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index shedding 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) falling 1.4%.

The Philadelphia Housing Index was down 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 0.1%.

Bitcoin (BTC-USD) was falling 2.2% to $67,285, and the yield for 10-year US Treasuries rose 2.5 basis points to 4.17%.

In economic news, total nonfarm payrolls rose by 130,000 in January, the Bureau of Labor Statistics said, double the 65,000 gain expected in a Bloomberg poll. December was revised lower by 2,000 to 48,000, while November was adjusted downward by 15,000 to 41,000, the BLS said. The unemployment rate fell to 4.3%, while the market expected it to hold steady at December's 4.4% print.

In sector news, the Federal Reserve's supervision staff told banks earlier this month that examiners will review previously sent private warnings to lenders to fix deficiencies and that some could be abandoned, Bloomberg reported. Warnings that are not in line with the Fed's directive for examiners to focus more on immediate risks to the financial health of a bank will be removed, the report said, citing the people.

In corporate news, CME (CME) is exploring plans to launch the world's first rare earth futures contract, Reuters reported. The proposed contract would focus on neodymium and praseodymium, two key rare earths used in permanent magnets for EV motors, wind turbines, fighter jets, and drones, the report said. CME shares were down 1.2%.

Robinhood (HOOD) shares fell past 8% after it reported a decline in Q4 net income while sales missed market expectations.

Coinbase (COIN) shares declined 5.9% after HC Wainwright cut its price target to $350 from $425 while keeping its buy rating.

Sound Point Meridian Capital (SPMC) shares dropped 9.6% after the company reported a fiscal Q3 net loss.

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