Sector Update: Financial Stocks Edge Higher Tuesday Afternoon

01:55 PM EDT, 08/19/2025 (MT Newswires) -- Financial stocks rose in Tuesday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each adding 0.1%.

The Philadelphia Housing Index climbed 1.3%, and the Real Estate Select Sector SPDR Fund (XLRE) added 1.4%.

Bitcoin (BTC-USD) fell 2.4% to $113,515, and the yield for 10-year US Treasuries dropped 3.9 basis points to 4.30%.

In economic news, July housing starts rose by 5.2% to a 1.428 million annual rate from the previous month, compared with expectations in a Bloomberg survey for a 1.297 million rate.

In corporate news, Intercontinental Exchange (ICE) said the US Securities and Exchange Commission published the application and rulebook for ICE Clear Credit's planned US Treasury clearing service, a step toward regulatory approval. ICE shares rose 0.2%.

Goldman Sachs (GS) opened a new office in Mumbai, a company spokesperson said in an email late Monday. Goldman shares eased 1.3%.

Broadridge Financial Solutions (BR) acquired Signal, a provider of communications services and technology to UK financial services and other firms. Broadridge shares gained 0.8%.

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