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Sector Update: Financial

BY MT Newswires | TREASURY | 07/03/25 12:35 PM EDT

12:35 PM EDT, 07/03/2025 (MT Newswires) -- Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index up 0.9% and the Financial Select Sector SPDR Fund (XLF) rising 1%.

The Philadelphia Housing Index was falling 1.5%, while the Real Estate Select Sector SPDR Fund (XLRE) was increasing 0.3%.

Bitcoin (BTC-USD) was little changed around $109,227, and the yield for 10-year US Treasuries was up 4 basis points at 4.33%.

In economic news, the June employment report showed nonfarm payrolls rose by 147,000, above the 106,000-job increase expected in a survey compiled by Bloomberg.

The Institute for Supply Management's US services index rose to 50.8 in June from 49.9 in May, compared with expectations for a smaller increase to 50.6 in a Bloomberg survey.

New orders for US factory goods rebounded by 8.2% in May, as expected in a survey compiled by Bloomberg.

In corporate news, Carlyle (CG) is in talks to transfer the ownership of Dainese to private lenders, HPS Investment Partners and Arcmont Asset Management, Bloomberg reported. Carlyle shares were rising 2.4%.

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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