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Sector Update: Financial

BY MT Newswires | TREASURY | 06/16/25 03:22 PM EDT

03:22 PM EDT, 06/16/2025 (MT Newswires) -- Financial stocks rose late Monday afternoon, with the NYSE Financial Index adding 1.1% and the Financial Select Sector SPDR Fund (XLF) each climbing up 1.2%.

The Philadelphia Housing Index rose 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) eased 0.2%.

Bitcoin (BTC-USD) increased 2.9% to $108,690, and the yield for 10-year US Treasuries rose 3 basis points to 4.45%.

Iran indicated it's urgently looking to end hostilities with Israel and resume nuclear talks, The Wall Street Journal reported, citing Middle Eastern and European officials.

In economic news, New York manufacturing contraction worsened in June amid weakness in new orders and shipments, though firms turned positive regarding the outlook of business conditions, a survey by the New York Fed showed.

In corporate news, Cohen & Steers (CNS) said Monday it has invested $300 million in Hudson Pacific Properties (HPP) , becoming an investor in the office real estate investment trust's balance sheet recapitalization. Hudson shares gained 3.5% and Cohen added 0.2%.

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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