Sector Update: Financial

03:35 PM EDT, 03/25/2026 (MT Newswires) -- Financial stocks were advancing in late Wednesday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.2%.

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

Bitcoin (BTC-USD) was increasing 0.5% to $70,893, and the yield for 10-year US Treasuries dropped 6.4 basis points to 4.33%.

In corporate news, KKR (KKR) and the Fuchs family are discussing the sale of new and existing equity in German satellite maker OHB, Bloomberg reported. The prospective deal represents a roughly 20% stake and could value the aerospace business slightly above its 5.5 billion euro ($6.37 billion) market capitalization, the report said. Separately, KKR has reached a deal to buy Nothing Bundt Cakes from Roark Capital for more than $2 billion, including debt, The Wall Street Journal reported. KKR shares were down 1.8%.

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