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Sector Update: Financial

BY MT Newswires | TREASURY | 06/12/25 03:23 PM EDT

03:23 PM EDT, 06/12/2025 (MT Newswires) -- Financial stocks were mixed in late Thursday afternoon trading with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund (XLF) down 0.1%

The Philadelphia Housing Index rose 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.3%.

Bitcoin (BTC-USD) fell 1% to $107,730, and the yield for 10-year US Treasuries dropped 6.5 basis points to 4.362%.

In economic news, the US producer price index rose by 0.1% in May, following a 0.2% decrease in April and below the 0.2% gain expected in a survey compiled by Bloomberg.

US initial jobless claims last week were flat at 248,000 after an upward revision to the previous week's level, above expectations for 242,000 in survey of analysts compiled by Bloomberg.

In corporate news, Chime Financial (CHYM) stock surged 35% in the company's debut on Nasdaq after the initial public offering of 32 million shares priced at $27 each.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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