Sector Update: Financial Stocks Mixed in Afternoon Trading
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Financial stocks showed mixed performance in afternoon trading, with the NYSE Financial Index down 0.1% and the Financial Select Sector SPDR Fund up 0.1%. Bitcoin rose 3% to $113,918, while 10-year US Treasury yields fell to 4.14%. Pending home sales increased by 4% in August. Blackstone agreed to acquire a €2 billion portfolio of French warehouses, and M&T Bank's shares fell 1.6% after a downgrade by Morgan Stanley. Apollo Global Management launched Apollo Sports Capital and received approval for its acquisition of Kelvion Thermal Solutions.
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