Sector Update: Financial Stocks Advance Late Afternoon

04:03 PM EDT, 04/09/2026 (MT Newswires) -- Financial stocks increased late Thursday afternoon, with the NYSE Financial Index adding 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.4%.

The Philadelphia Housing Index was climbing 1.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.8%.

Bitcoin (BTC-USD) rose 1.1% to $72,174, and the yield for 10-year US Treasuries was slightly lower at 4.29%.

In economic news, US economic growth, measured by gross domestic product, was revised lower to a 0.5% increase in Q4 from a 0.7% gain in the second estimate, compared with estimates for no revision in a Bloomberg survey.

US initial jobless claims rose to 219,000 in the week ended April 4 from an upwardly revised 203,000 in the previous week, compared with expectations for 210,000 in a Bloomberg poll.

In corporate news, Ares Management (ARES) on Thursday agreed to acquire Whitestone REIT (WSR) in an all-cash deal worth about $1.7 billion. Ares shares were fractionally down, and Whitestone jumped nearly 12%.

Carlyle (CG) will limit redemptions to 5% for its Tactical Private Credit Fund after receiving repurchase requests amounting to roughly 15.7% of shares outstanding, The Wall Street Journal reported, citing a shareholder letter. Carlyle shares were little changed.

Goldman Sachs (GS)-backed (GS) Japanese taxi-hailing provider Go plans an initial public offering in 2026 that could raise between 50 billion yen ($314.5 million) and 80 billion yen, Bloomberg reported. Goldman shares shed 0.2%.

TPG (TPG) has hired UBS (UBS) and Malayan Banking to help weigh options for Malaysian medical services provider Asia OneHealthcare, Bloomberg reported. TPG shares rose 1.2%, and UBS added 0.3%.

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