Sector Update: Financial Stocks Mixed Late Afternoon

04:01 PM EDT, 03/10/2026 (MT Newswires) -- Financial stocks were mixed in late Tuesday afternoon trading, with the NYSE Financial Index up 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.4%.

The Philadelphia Housing Index was down 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 0.1%.

Bitcoin (BTC-USD) was gaining 2.2% to $69,987, and the yield for 10-year US Treasuries was little changed at 4.13%.

In economic news, US existing home sales unexpectedly rose in February as lower mortgage rates helped improve affordability, data from the National Association of Realtors showed.

In sector news, Pershing Square, the investment holding firm of billionaire Bill Ackman, filed for IPO of the hedge fund and a new closed-end fund called Pershing Square USA.

In corporate news, Blackstone (BX) and Blue Owl Capital (OWL) said Tuesday funds from their GP stakes platforms have made a strategic minority investment in Atlas Holdings. Blackstone shares were down 0.2%, and Blue Owl Capital fell 3.7%.

Carlyle (CG) is planning a new credit vehicle internally, called "Project Potomac," that would seed a new buyout fund and also pay back money to some investors in the firm's older private equity funds, Bloomberg reported. Carlyle was down 0.7%.

Apollo Global Management (APO) is in talks with bondholders of Italian packaging company Reno de Medici over ownership as part of a potential debt restructuring, Bloomberg reported. Apollo shares were little changed.

BBVA (BBVA) is close to selling its Garanti unit in Romania to Raiffeisen Bank International in a deal valued at about 550 million euros ($640 million), Bloomberg reported. BBVA shares climbed up 1.8%.

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