PrintSector Update: Financial Stocks Mixed Late Afternoon
BY MT Newswires | TREASURY | 03:57 PM EDT03:57 PM EDT, 04/02/2026 (MT Newswires) -- Financial stocks were mixed late Thursday afternoon trading, with the NYSE Financial Index fractionally lower and the State Street Financial Select Sector SPDR ETF (XLF) up 0.1%.
The Philadelphia Housing Index was decreasing 0.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) climbed 1.5%.
Bitcoin (BTC-USD) was declining 1.6% to $67,011, and the yield for 10-year US Treasuries was slightly lower at 4.31%.
In economic news, US initial jobless claims fell to a level of 202,000 in the week ended March 28 from an upwardly revised 211,000 level in the previous week, compared with expectations for an increase to 212,000 in survey of analysts compiled by Bloomberg.
US job cuts increased sequentially in March as companies looked to prioritize artificial intelligence investments, Challenger Gray & Christmas said.
In corporate news, FB Financial
Blue Owl Capital (OWL) is limiting redemptions to 5% each for two of its private credit funds after receiving a surge of withdrawal requests, Bloomberg reported, citing two separate investor letters. Blue Owl shares fell 2.1%.
Coinbase (COIN) won conditional approval from the Office of the Comptroller of the Currency for a national trust company charter, Bloomberg reported Thursday, citing Greg Tusar, the company's vice president of product management. Coinbase shares were down 1%.
Blackstone (BX) and a group of private credit firms are pressuring Thoma Bravo, the owner of Medallia, to put more equity into the software company or hand over control via a debt restructuring, Bloomberg reported. Blackstone shares were falling 1.2%.
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