Sector Update: Financial

03:49 PM EST, 02/27/2026 (MT Newswires) -- Financial stocks declined in late Friday afternoon trading, with the NYSE Financial Index dropping 2% and the State Street Financial Select Sector SPDR ETF (XLF) falling 2.1%.

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

Bitcoin (BTC-USD) was falling 2.8% to $65,649, and the yield for 10-year US Treasuries was dropping 5.5 basis points to 3.96%.

In economic news, the US Producer Price Index rose by 0.5% in January following a 0.4% increase in December, according to the Bureau of Labor Statistics on Friday, above the 0.3% gain expected in a Bloomberg survey. After excluding the more volatile food and energy prices, core PPI rose by 0.8%, more than the 0.3% gain anticipated and following a 0.6% jump in the previous month.

In corporate news, Equinix (EQIX) and Canada Pension Plan Investment Board, or CPP Investments, on Friday agreed to acquire Nordic data center provider atNorth from private equity firm Partners Group in a deal worth about $4 billion. Equinix (EQIX) shares rose 2.3%.

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