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 | 08/15/25 03:44 PM EDT

03:44 PM EDT, 08/15/2025 (MT Newswires) -- Financial stocks declined in late Friday afternoon trading, with the NYSE Financial Index decreasing 0.6% and the Financial Select Sector SPDR Fund (XLF) shedding 0.9%.

The Philadelphia Housing Index was fractionally lower, with the Real Estate Select Sector SPDR Fund (XLRE) added 0.6%.

Bitcoin (BTC-USD) was decreasing 0.9% to $117,275, and the yield for 10-year US Treasuries gained 3.5 basis points to nearly 4.33%.

In economic news, US retail sales rose 0.5% in July sequentially following an upwardly revised 0.9% rise in June, according to the Census Bureau. The consensus compiled by Bloomberg called for a 0.6% gain.

The University of Michigan's preliminary consumer sentiment index fell to 58.6 in August from 61.7 in July, surprising analysts anticipating an increase to 62, according to a Bloomberg survey.

In corporate news, Citigroup (C) is considering options to provide stablecoin custody and other services, Reuters reported, quoting Biswarup Chatterjee, global head of partnerships and innovation for Citi's services division. Separately, the bank has been pitching to investors a potential deal to help Ukraine fund its reconstruction, Bloomberg reported. Citi shares were down 1.4%.

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