Sector Update: Financial

01:36 PM EDT, 03/24/2026 (MT Newswires) -- Financial stocks were mixed in Tuesday afternoon trading, with the NYSE Financial Index down 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.3%.

The Philadelphia Housing Index was rising 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was decreasing 0.1%.

Bitcoin (BTC-USD) was declining 2.4% to $69,206, and the yield for 10-year US Treasuries climbed 8.9 basis points to 4.42%.

In corporate news, Sumitomo Mitsui Financial Group (SMFG) has no immediate plans to acquire Jefferies (JEF), Bloomberg reported Tuesday. The Bloomberg report came after a report by the Financial Times, citing unnamed sources, suggested the Japanese lender was preparing for a possible takeover. The unnamed sources told Bloomberg that the executives are not engaged in active acquisition talks and remain mindful of regulatory hurdles that could complicate deeper integration. Jefferies shares were rising 2.5%, and Sumitomo was up 0.1%.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.