Sector Update: Financial Stocks Softer Tuesday Afternoon

01:58 PM EDT, 09/01/2026 (MT Newswires) -- Financial stocks fell in Tuesday afternoon trading with the NYSE Financial Index declining 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) dropping 0.7%. The Philadelphia Housing Index lost 2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 0.1%. Bitcoin (BTC-USD) fell 1.4% to $77,481, and the yield for 10-year US Treasuries rose 2.8 basis points to 4.786%. In economic news, US job openings rose to 7.271 million in July, according to the Bureau of Labor Statistics, below 7.313 million expected in a survey compiled by Bloomberg and up from 7.182 million in June. The Institute for Supply Management's US manufacturing index fell to 54.6 in August from 55.6 in July, compared with expectations for 55.2 in a survey compiled by Bloomberg. The first look at consumer confidence for September improved from August, with the RealClearMarkets' monthly index rising to 45.6 from 45.1. The gauge was the highest since March. The probability of the Federal Reserve raising its target rate by 25 basis points to 3.75% to 4% in September surged to 66% after midday Tuesday from 40% a day ago, according to the CME FedWatch tool. In corporate news, Apollo Global Management-backed (APO) Brightspeed informed investors there is significant doubt it can continue as a going concern, Bloomberg reported. Apollo shares fell 3.2%. Blackstone (BX) and Apollo are among the private equity firms mulling bids for Syensqo's performance and care unit, which could be valued at 3 billion euros ($3.5 billion) or more, Bloomberg reported. Blackstone shares fell 4.4%. Intercontinental Exchange-backed (ICE) prediction site Polymarket is set to receive a $300 million investment from existing investor 1789 Capital, in which Donald Trump Jr. is a partner, the Wall Street Journal reported. Intercontinental Exchange shares fell 1%.