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FINWIRES

Sector Update: Financial

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-- Financial stocks were advancing in late Wednesday afternoon trading, with the NYSE Financial Index rising 1.5% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.6%.

The Philadelphia Housing Index was climbing 2.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 1.6%.

Bitcoin (BTC-USD) was increasing 0.5% to $81,294, and the yield for 10-year US Treasuries declined 6 basis points to 4.356%.

In corporate news, Blue Owl Capital-owned (OWL) data center firm Stack Infrastructure is considering a sale of its Asia operations, among other options, Bloomberg reported. The firm has held talks with prospective advisers regarding a partial or 100% sale of the assets in Japan, Australia and Malaysia, the report said. Blue Owl Capital shares were down 3.5%.

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