Sector Update: Financial Stocks Mixed Late Afternoon

04:03 PM EDT, 03/13/2026 (MT Newswires) -- Financial stocks were mixed in late Friday afternoon trading, with the NYSE Financial Index down 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.2%.

The Philadelphia Housing Index was rising 0.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was advancing 0.3%.

Bitcoin (BTC-USD) was increasing 1% to $71,206, and the yield for 10-year US Treasuries rose 1.2 basis points to nearly 4.29%.

In economic news, US consumer sentiment fell this month amid worries that higher energy prices could threaten personal finances as the war in the Middle East continued, a University of Michigan survey showed Friday. The headline sentiment index dropped to 55.5 from 56.6 in February, according to preliminary results of the survey. The consensus was for the index to fall to 54.8 in a Bloomberg-compiled survey.

In corporate news, CME (CME) Chief Executive Terry Duffy said the Trump administration would risk a "biblical disaster" if it tried to reduce oil prices by intervening in derivatives markets amid the ongoing US-Israel war with Iran, the Financial Times reported. "Markets do not like it when governments intervene in pricing," Duffy reportedly said at a conference. A recent report suggested the US Treasury was contemplating measures to reduce oil prices, including intervention in futures markets, according to the FT. CME shares were up 0.1%.

PayPay (PAYP) , a SoftBank-backed company, is open to a dual listing with presence on Tokyo's bourse, its CEO Ichiro Nakayama, was cited as saying in multiple media reports. "While we do not rule out the possibility of a dual listing in the future, there are no specific plans or decisions at this time," a PayPay (PAYP) spokesperson told MT Newswires in an e-mailed comment Friday. The comment follows the digital payments company's $880 million trading debut in New York on Thursday, after it priced its IPO of 55 million American depositary shares at $16 each. PayPay (PAYP) shares jumped past 16%.

Brookfield Asset Management (BAM) is seeking a loan of about $800 million to back its proposed acquisition of air cargo company World Freight, Bloomberg reported. Brookfield shares were down 0.5%.

HSBC (HSBC) and Standard Chartered are set to become the first licensed stablecoin issuers in Hong Kong, Bloomberg reported. HSBC (HSBC) shares were down 2.2%.

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