Sector Update: Financial Stocks Rise Late Afternoon

03:53 PM EST, 02/24/2026 (MT Newswires) -- Financial stocks rose in late Tuesday afternoon trading, with the NYSE Financial Index increasing 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.4%.

The Philadelphia Housing Index was 0.1% higher, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.3%.

Bitcoin (BTC-USD) was declining 0.2% to $64,528, and the yield for 10-year US Treasuries was slightly higher at 4.03%.

In sector news, the Trump administration is considering an executive order that would require banks to gather citizenship information from both new and existing customers, The Wall Street Journal reported. This could include asking for documents like passports, a step that has raised concerns among banks, the report added.

In economic news, the Dallas Federal Reserve's monthly general business services index fell to a reading of minus 3.2 in February from 2.7 in January, indicating a return to contraction.

The Conference Board's measure of consumer confidence rose to 91.2 in February from 89.0 in January, above the 87.1 expected in a Bloomberg-compiled survey.

The Richmond Fed's monthly manufacturing index declined to minus 10 in February from minus 6 in January, below expectations for a rise to minus 5 in a Bloomberg poll.

In corporate news, Carlyle (CG) shares rose 2.5%. The company's stock should re-rate higher as its distributable earnings growth track is gaining momentum, RBC said in a report. RBC has a price target of $67 on the company.

Amazon-backed (AMZN) Anthropic on Tuesday announced five new plugins for finance, new MCP connectors for FactSet (FDS) and MSCI (MSCI) , and partner-created plugins from LSEG and S&P Global (SPGI) . FactSet shares were up 6%, MSCI (MSCI) rose 2%, and S&P Global (SPGI) shares climbed 3%.

Separately, Anthropic said Thomson Reuters (TMSOF) and Royal Bank of Canada's (RY) RBC Wealth Management are using the AI agents it powers, Reuters reported. Thomson Reuters (TMSOF) shares jumped 11%, and Royal Bank of Canada (RY) was down 0.1%.

Marsh & McLennan (MRSH) is exploring the sale of its Private Client Services division, which offers financial risk management and life insurance services for high-net-worth individuals in Asia, Bloomberg reported. Marsh & McLennan (MRSH) shares added 0.3%.

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