Sector Update: Financial Stocks Higher Late Afternoon

03:52 PM EDT, 04/06/2026 (MT Newswires) -- Financial stocks were advancing late Monday afternoon, with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.6%.

The Philadelphia Housing Index was up 0.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.4%.

Bitcoin (BTC-USD) was climbing 1.3% to $69,870, and the yield for 10-year US Treasuries was increasing 2.2 basis points to nearly 4.34%.

In economic news, the Institute for Supply Management's US services index fell to 54.0 in March from 56.1 in February, compared with expectations for 54.9 in a Bloomberg poll. The index indicates a slower pace of expansion.

In corporate news, supply disruptions caused by the Iran war could keep inflation and interest rates higher than expected, JPMorgan (JPM) CEO Jamie Dimon said. JPMorgan (JPM) rose 1.4%.

KKR-backed (KKR) SmartHR is weighing a Tokyo initial public offering later this year that may value the company at around $1 billion, Bloomberg reported. KKR shares were down 0.5%.

Blackstone-backed (BX) QTS has launched the sale of a 10-year investment-grade green bond amid its data center buildout in Fayetteville, Georgia, Bloomberg reported. Blackstone shares were down 1%.

Sumitomo Mitsui Financial Group (SMFG) and Nippon Life Insurance are in discussions to establish a private credit fund with an initial capital of at least 500 billion Japanese yen ($3.14 billion), Bloomberg reported. Sumitomo edged up 0.2%.

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