Content and data provided by various third parties and Fidelity - Terms of Use
Print.Print
Small font size A Larger text size A Largest text size A

Sector Update: Financial Stocks Advance Wednesday Afternoon

BY MT Newswires | TREASURY | 08/06/25 01:50 PM EDT

01:50 PM EDT, 08/06/2025 (MT Newswires) -- Financial stocks were higher in Wednesday afternoon trading, with the NYSE Financial Index rising 0.5% and the Financial Select Sector SPDR Fund (XLF) adding 0.4%.

The Philadelphia Housing Index was up 0.2%, while the Real Estate Select Sector SPDR Fund (XLRE) eased 0.2%.

Bitcoin (BTC-USD) was increasing 1.8% to $115,376, and the yield for 10-year US Treasuries rose 4.3 basis points to 4.24%.

In corporate news, Payoneer Global (PAYO) provided an upbeat full-year revenue outlook Wednesday amid easing tariff concerns, while the digital payments company reported mixed Q2 results. Its shares jumped nearly 12%.

Banco Santander's (SAN) proposed acquisition of UK-based bank TSB has received approval from Banco Sabadell shareholders, Sabadell said Wednesday. Santander shares climbed 2%.

TPG (TPG) shares popped 5.2% after it reported a narrowed Q2 net loss as revenue increased during the period. TPG also raised its quarterly dividend.

Carlyle (CG) stock gained 4.1% after it posted higher Q2 after-tax distributable earnings and total revenue.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

More Fixed Income News

All Fixed Income News

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.

© 1998 – 2014 FMR LLC.

All rights reserved.
fir_news_article