03:54 PM EDT, 03/11/2026 (MT Newswires) -- Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index falling 1.2% and the State Street Financial Select Sector SPDR ETF (XLF) retreating 1%.
The Philadelphia Housing Index was dropping 1.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 1.4%.
Bitcoin (BTC-USD) was increasing 0.8% to $70,533, and the yield for 10-year US Treasuries rose 7.2 basis points to 4.21%.
In economic news, the US seasonally adjusted consumer price index rose 0.3% in February, as expected in a Bloomberg-compiled survey and following a 0.2% increase in January, according to data released Wednesday by the Bureau of Labor Statistics.
In corporate news, JPMorgan Chase (JPM) is marking down on its lending to private credit groups as concerns rise over the credit quality of companies, the Financial Times reported Wednesday. JPMorgan (JPM) shares were down 0.6%.
Apollo Global Management (APO) is planning to increase the frequency of valuation disclosures for its private credit funds, Bloomberg reported, citing comments from a senior company executive. Apollo shares declined 2%.
Fair Isaac (FICO) shares fell past 9% after it said Wednesday it plans a $1 billion private offering of senior notes due 2034.
Chubb (CB) was named the lead insurer for the US International Development Finance Corp.'s $20 billion reinsurance plan aimed at resuming commercial shipping in the Persian Gulf, the agency said Wednesday. Chubb (CB) shares were down 0.6%.
Citigroup (C/PN) (C) has told staff to evacuate its offices in the Dubai International Financial Centre and the Oud Metha area and work from home until further notice, Reuters reported Wednesday, citing a staff memo. Standard Chartered has also asked employees in Dubai to work remotely, the report added. HSBC (HSBC) has temporarily closed all branches in Qatar to protect staff and customers, the report said, citing a customer notice. Citi shares were up 0.1%, and HSBC (HSBC) rose 0.2%.
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