Sector Update: Financial Stocks Decline Friday

04:07 PM EST, 02/27/2026 (MT Newswires) -- Financial stocks declined in Friday trading with the NYSE Financial Index falling 2% and the State Street Financial Select Sector SPDR ETF (XLF) dropping 2.1%.

The Philadelphia Housing Index rose 0.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) gained 0.5%.

Bitcoin (BTC-USD) fell 2.8% to $65,649, and the yield for 10-year US Treasuries dropped 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, 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, Market Financial Solutions, the failed UK bridging lender financed by Barclays (BCS) , Apollo Global Management's (APO) Atlas SP Partners, Jefferies Financial (JEF) and others, may have a 930-million-pound ($1.3 billion) collateral shortfall for its loans, Bloomberg reported, citing documents from Zircon Bridging and Amber Bridging. Barclays (BCS) shares fell 4%, Apollo slumped 8.6%, and Jefferies tumbled 9.3%.

Equinix (EQIX) and the Canada Pension Plan Investment Board agreed to acquire Nordic data center provider atNorth from private equity firm Partners Group for $4 billion. Equinix (EQIX) shares rose 2.8%.

BlackRock's (BLK) Global Infrastructure Partners and EQT are in advanced talks to buy AES (AES), Bloomberg reported. BlackRock (BLK) shares fell 2.4%.

Block (XYZ) shares jumped 17% after the company posted higher Q4 adjusted net income and revenue and announced a plan to cut its workforce by 40%.

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