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Sector Update: Financial

BY MT Newswires | TREASURY | 07/15/25 03:24 PM EDT

03:24 PM EDT, 07/15/2025 (MT Newswires) -- Financial stocks were decreasing in late Tuesday afternoon trading, with the NYSE Financial and the Financial Select Sector SPDR Fund (XLF) each falling 1.3%.

The Philadelphia Housing Index dropped 2.8%, and the Real Estate Select Sector SPDR Fund (XLRE) was shedding 1%.

Bitcoin (BTC-USD) was declining 2.5% to $116,943, while the yield for 10-year US Treasuries rose 6 basis points to 4.49%.

In economic news, the consumer price index rose 0.3% month-over-month in June, the Bureau of Labor Statistics reported. That's in line with a Bloomberg survey and a jump from a 0.1% gain in May. Annually, inflation accelerated to 2.7% from 2.4%, faster than the 2.6% consensus.

In corporate news, Blackstone (BX) said Tuesday that funds managed by Blackstone Infrastructure and Blackstone Real Estate plan to invest more than $25 billion to back the development of Pennsylvania's digital and energy infrastructure, targeting to build up the state as a strategic hub for AI. Blackstone shares were down 1.7%.

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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