Sector Update: Financial Stocks Lower in Afternoon Trading

01:55 PM EDT, 09/23/2026 (MT Newswires) -- Financial stocks declined in Wednesday afternoon trading, with the NYSE Financial Index dropping 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) easing 0.1%. The Philadelphia Housing Index and the State Street Real Estate Select Sector SPDR ETF (XLRE) each declined about 1.1%. Bitcoin (BTC-USD) fell 3.2% to $83,854, and the yield for 10-year US Treasuries jumped 15 basis points to 5.12%. In economic news, the September flash reading of manufacturing conditions from S&P Global rose to a 52-month high of 57 from 53.9 in August, and compared with 53.7 in a Bloomberg survey. US mortgage applications fell 1.5% for the week ending Sept. 18, compared with a decline of 4.1% in the week prior, as the 30-year fixed-rate mortgage rate increased to 7.12% from 6.97% over the same period. In corporate news, Blue Owl Capital (OWL) could see its junior loan to Loparex wiped out as Monarch Alternative Capital and General Atlantic lead a roughly $1 billion restructuring that will see them own a majority of the business, Bloomberg reported. Blue Owl shares were falling 2.7%. A Morgan Stanley (MS) employee accidentally leaked an internal list of more than 100 investment-banking deals the firm is monitoring and pitching in Asia, Bloomberg reported. Morgan Stanley shares were shedding 0.7%. Brookfield (BN) is nearing a deal to buy financial crime and compliance specialist Actimize from NICE (NICE) for $2 billion, Sky News reported. Brookfield shares were down 1.5%.