Content and data provided by various third parties and Fidelity - Terms of Use
Print.Print
Small font size A Larger text size A Largest text size A

Sector Update: Financial Stocks Rise Monday

BY MT Newswires | TREASURY | 04:14 PM EDT

04:14 PM EDT, 05/18/2026 (MT Newswires) -- Financial stocks advanced Monday with the NYSE Financial Index rising 1.1% and the State Street Financial Select Sector SPDR ETF (XLF) gaining 1.2%.

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

Bitcoin (BTC-USD) fell 2% to $76,840, and the yield for 10-year US Treasuries was little changed at 4.60%.

In economic news, US homebuilder confidence unexpectedly rose this month despite elevated mortgage rates, macro uncertainty and continued affordability challenges, data from the National Association of Home Builders and Wells Fargo showed.

In sector news, President Donald Trump will swear Kevin Warsh in as Federal Reserve chair on Friday, Bloomberg reported.

In corporate news, American Homes 4 Rent (AMH) shares climbed 4.2% after Raymond James upgraded the stock to outperform from market perform with a price target of $35.

UWM (UWMC), which is pursuing its own bid for Two Harbors Investment (TWO), urged shareholders to vote against the rival CrossCountry Mortgage merger proposal at a special meeting scheduled for 10 a.m. Tuesday. UWM shares fell 2.5%, and Two Harbors shed 1.4%

BlackRock (BLK) is considering a $5 billion to $10 billion investment in SpaceX's planned initial public offering, The Information reported. BlackRock shares added 0.5%.

Citigroup (C) and BlackRock's HPS Investment Partners are launching a 15 billion euro ($17.48 billion) private capital program to expand access to private financing for corporate and sponsor-owned borrowers in the Europe, the Middle East and Africa. Citi shares fell 0.9%.

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

More Fixed Income News

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.

© 1998 – 2014 FMR LLC.

All rights reserved.
fir_news_article