Small font size A Larger text size A Largest text size A

Sector Update: Financial

BY MT Newswires | TREASURY | 04/24/26 03:29 PM EDT

03:29 PM EDT, 04/24/2026 (MT Newswires) -- Financial stocks were lower in late Friday afternoon trading, with the NYSE Financial Index down less than 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) decreasing 0.7%.

The Philadelphia Housing Index was slipping 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.2%.

Bitcoin (BTC-USD) was decreasing 0.3% to $77,594, and the yield for 10-year US Treasuries decreased 2.1 basis points to 4.30%.

In corporate news, Blackstone (BX), KKR (KKR), and Apollo Global Management (APO) are negotiating to take control of Medallia from Thoma Bravo, after the software maker defaulted on loans of about $3 billion, The Wall Street Journal reported. Blackstone shares were down 0.6%, KKR was easing 0.1%, and Apollo decreased 0.2%.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

More Fixed Income News

Wall St Week Ahead-US stocks rally could find fuel in earnings, jobs data amid surging oil prices BY Reuters |ECONOMIC 09:00 AM EDT
US GDP Grows 2%, Gas Prices Soar, Mark Cuban's Warning: This Week In Economy BY Benzinga |ECONOMIC 06:02 AM EDT
Recent inflation data was 'bad news,' Fed's Goolsbee says? BY Reuters |ECONOMIC 05/02/26 03:06 PM EDT
Recent inflation data was 'bad news,' Fed's Goolsbee says? BY Reuters |ECONOMIC 05/02/26 03:04 PM EDT

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article