Sector Update: Financial Stocks Rise Late Afternoon

03:50 PM EDT, 06/29/2026 (MT Newswires) -- Financial stocks increased in late Monday afternoon trading with the NYSE Financial Index up 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.4%.

The Philadelphia Housing Index shed 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) fell 1.1%.

Bitcoin (BTC-USD) rose 1.4% to $60,264, and the yield for 10-year US Treasuries was little changed at 4.37%.

In economic news, the Dallas Fed's monthly manufacturing index fell to 0.0 in June from 0.4 in May, missing expectations for an increase to 1.0.

In sector news, the US Supreme Court on Monday upheld a federal court's injunction preventing President Donald Trump from firing Federal Reserve Governor Lisa Cook before the conclusion of litigation.

In corporate news, Bank of America's (BAC) Merrill Lynch unit was fined $7.5 million by the US Securities and Exchange Commission for failing to file numerous reports to flag money laundering and other suspicious activity, Reuters reported. Bank of America (BAC) shares were up 0.2%.

Minted is working with JPMorgan Chase (JPM) as the stationery, art and home decor design platform explores a potential sale valued at about $1 billion, Reuters reported. JPMorgan (JPM) shares added 0.4%.

Intercontinental Exchange (ICE) plans to launch economic indicator futures contracts tied to global monetary policy decisions and US natural gas storage reports. ICE shares fell 0.9%.

Korn Ferry (KFY) shares fell 2.6%. The company agreed to acquire UK-based talent solutions provider AMS for 850 million British pounds ($1.1 billion) in cash and stock.

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