Sector Update: Financial

MT Newswires Live01:36

Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.5%.

The Philadelphia Housing Index was adding 1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.3%.

Bitcoin (BTC-USD) was declining 0.8% to $83,746, and the yield for 10-year US Treasuries was increasing 3.8 basis points to 5.2%.

In corporate news, Blue Owl Capital's (OWL) Stack Infrastructure unit faces a one-year delay to its Jupiter data center project in New Mexico, Reuters reported Friday, citing an unnamed person familiar with the matter. Media outlets reported Thursday that Oracle (ORCL) issued a force majeure notice to Stack, seeking to defer payments if the project is delayed and does not begin operating in 2028 as planned. Blue Owl shares were up 0.3%.

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