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

BY MT Newswires | TREASURY | 08/11/25 03:31 PM EDT

03:31 PM EDT, 08/11/2025 (MT Newswires) -- Financial stocks were mixed late Monday afternoon with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund (XLF) climbing 0.1%.

The Philadelphia Housing Index fell 0.6%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.3%.

Bitcoin (BTC-USD) increased 0.3% at $119,555, and the yield for 10-year US Treasuries shed 1 basis point to 4.27%.

In economic news, the official report on July US inflation is due Tuesday and is expected to show the consumer price index rose 0.2% sequentially and 2.8% annually, according to a Bloomberg poll. That would compare with growth rates of 0.3% and 2.7%, respectively, reported for June.

UBS raised its 2025 target for the S&P 500 as the US economy and companies have performed better than expected, though the brokerage predicted a market trough in H2. UBS lifted its year-end target to 6,100 from 5,500 and sees the index touching 5,900 late in Q3 or early in Q4.

In corporate news, Wells Fargo (WFC) subsidiary Wells Fargo Securities' head of equity strategy, Christopher Harvey, left after 12 years at the bank, Bloomberg reported. Wells Fargo (WFC) shares shed 0.2%.

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