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Sector Update: Financial Stocks Ease Thursday Afternoon

BY MT Newswires | TREASURY | 06/18/26 01:55 PM EDT

01:55 PM EDT, 06/18/2026 (MT Newswires) -- Financial stocks fell in Thursday afternoon trading with the NYSE Financial Index easing 0.1%, erasing earlier gains, and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.6%.

The Philadelphia Housing Index jumped 3.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.2%.

Bitcoin (BTC-USD) fell 5% to $62,532, and the yield for 10-year US Treasuries dropped 2.2 basis points to 4.44%.

In economic news, US initial jobless claims last week fell to 226,000 from an upwardly revised 230,000 in the previous week, compared with expectations for 225,000 in a survey of analysts compiled by Bloomberg.

In corporate news, Apollo Global Management (APO) made some concessions regarding its debt refinancing for photo-services company Shutterfly in a bid to entice some unwilling investors, Bloomberg reported. Apollo shares fell 0.7%.

First Carolina Financial Services (FCBM) shares rose 2.8% in their New York Stock Exchange debut. The holding company for First Carolina Bank priced its IPO of 5.5 million shares at $12.50 each.

Accenture (ACN) shares fell 18% after the company trimmed the top end of its full-year revenue outlook and posted weaker-than-expected fiscal Q3 sales, while announcing three cybersecurity acquisitions totaling about $4.18 billion.

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

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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.

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