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Sector Update: Financial

BY MT Newswires | TREASURY | 07/10/25 01:34 PM EDT

01:34 PM EDT, 07/10/2025 (MT Newswires) -- Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index up 0.5% and the Financial Select Sector SPDR Fund (XLF) ahead 0.6%.

The Philadelphia Housing Index was climbing 1.8%, and the Real Estate Select Sector SPDR Fund (XLRE) added 1.1%.

Bitcoin (BTC-USD) was increasing 1.9% to $113,338, and the yield for 10-year US Treasuries was up 2 basis points at 4.36%.

In economic news, US initial jobless claims fell to a level of 227,000 in the week ended July 5 from a downwardly revised 232,000 level in the previous week, compared with expectations for a rise to 235,000 in a Bloomberg survey.

In corporate news, American Express' (AXP) reaffirmation of full-year guidance and positive billing trends will likely be the driver of the company's shares in Q2, BofA Securities said in a note. American Express (AXP) shares were rising 2.1%.

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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