Sector Update: Financial Stocks Edge Higher Friday Afternoon

01:57 PM EDT, 06/20/2025 (MT Newswires) -- Financial stocks were edging up in Friday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each increasing 0.1%.

The Philadelphia Housing Index was adding 0.9%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.1%.

Bitcoin (BTC-USD) was declining 1.8% to $102,955, and the yield for 10-year US Treasuries was dropping 2.4 basis points to 4.37%.

President Donald Trump will decide on a potential military action against Iran within the next two weeks, White House Press Secretary Karoline Leavitt was cited in news reports Thursday, when the markets were closed for the Juneteenth public holiday. The decision will depend on the "substantial chance of negotiations that may or may not take place," Leavitt said.

In corporate news, Coinbase (COIN) shares popped 2.6% after it said Friday it secured the Markets in Crypto Assets license from Luxembourg's financial regulatory authority.

Apollo Global Management (APO) signed an agreement with Electricite de France SA to purchase up to 4.5 billion pounds ($6.1 billion) of bonds through a private placement, helping the utility company finance its UK investments over the next three years, particularly the Hinkley Point C project, EDF said Friday. Apollo shares were rising 1.4%.

Accenture (ACN) lifted its full-year earnings outlook and reported fiscal Q3 results above market expectations, but the consulting firm's bookings declined on an annual basis. Its shares were falling past 7%.

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