Sector Update: Financial Stocks Decline Wednesday Afternoon

01:59 PM EDT, 04/22/2026 (MT Newswires) -- Financial stocks were lower Wednesday afternoon, with the NYSE Financial Index decreasing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) down 0.2%.

The Philadelphia Housing Index rose 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.8%.

Bitcoin (BTC-USD) was increasing 4.1% to $78,952, and the yield for 10-year US Treasuries was slightly higher at 4.29%.

In corporate news, Toronto-Dominion Bank (MLWIQXX) is considering a rare type of significant risk transfer to hedge against current and future data center debt, Bloomberg reported. Toronto-Dominion Bank (MLWIQXX) shares were down 0.3%.

Goldman Sachs' (GS) alternatives arm invested $50 million in BLP Digital, a Swiss AI firm that develops software to automate financial processes, such as invoicing and internal reporting, BLP co-founder Tim Beck told Bloomberg in an interview Wednesday. Goldman shares were up 0.8%.

HSBC (HSBC) has shortlisted Allianz, Daiichi Life, and Sumitomo Life Insurance as potential buyers of its Singapore insurance business, Bloomberg reported. HSBC (HSBC) shares added 0.1%.

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