Sector Update: Financial Stocks Mixed Late Afternoon

Financial stocks showed mixed performance in late afternoon trading on January 27, 2026. The NYSE Financial Index rose 0.2%, while the State Street Financial Select Sector SPDR ETF fell 0.7%. Consumer confidence dropped significantly to its lowest since May 2014, with a decline of 9.7 points to 84.5. Synchrony Financial shares fell 6.2% after reporting lower Q4 revenue. BlackRock announced layoffs following its acquisition of HPS Investment Partners, and Blackstone gained over $400 million from CVC Capital Partners' acquisition of Marathon Asset Management. Apollo Global Management's shares rose slightly despite a previous loss.