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Sector Update: Financial Stocks Decline Late Afternoon

BY MT Newswires | TREASURY | 02/12/26 03:56 PM EST

03:56 PM EST, 02/12/2026 (MT Newswires) -- Financial stocks were decreasing in late Thursday afternoon trading, with the NYSE Financial Index falling 1.2% and the State Street Financial Select Sector SPDR ETF (XLF) dropping 1.6%.

The Philadelphia Housing Index was increasing 0.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) adding 0.8%.

Bitcoin (BTC-USD) was declining 2.6% to $65,454, and the yield for 10-year US Treasuries dropped 7.9 basis points to 4.10%.

In economic news, US initial jobless claims fell to 227,000 in the week ended Feb. 7 from an upwardly revised 232,000 in the previous week, compared with expectations for 223,000 in a survey of analysts compiled by Bloomberg.

The pace of US existing home sales fell by 8.4% to a 3.91 million seasonally adjusted annual rate in January from 4.27 million in December, compared with a 4.15 million rate in a survey compiled by Bloomberg, data from the National Association of Realtors showed.

In corporate news, Blue Owl Capital-owned (OWL) data center firm Stack Infrastructure is soliciting a five-year loan of about AU$3 billion ($2.13 billion) to finance a new 250-megawatt data center project in Melbourne, Australia, Bloomberg reported. Blue Owl Capital shares were down 1.7%.

Blackstone (BX) and Swedish investment firm EQT on Thursday agreed to buy Spain-based waste management infrastructure platform Urbaser from Platinum Equity in a deal worth roughly $6.6 billion. Blackstone shares fell 2.7%.

Deutsche Bank (DB) has reached a confidential settlement with former manager Stefano Foresti, who claimed he was wrongfully blamed for the Monte dei Paschi accounting scandal, Bloomberg reported. This was the first of six similar cases involving former staffers, the report said. Deutsche shares shed 1.9%.

Brookfield (BN) shares were up 1.9% after the company reported Q4 distributable earnings that topped analysts' expectations.

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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