Sector Update: Financial Stocks Mixed Late Afternoon

03:40 PM EDT, 08/19/2025 (MT Newswires) -- Financial stocks were mixed in late Tuesday afternoon trading with the NYSE Financial Index little changed and the Financial Select Sector SPDR Fund (XLF) gaining 0.1%.

The Philadelphia Housing Index climbed 1.7%, and the Real Estate Select Sector SPDR Fund (XLRE) added 1.6%.

Bitcoin (BTC-USD) fell 2.9% to $112,905, 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, Plymouth Industrial REIT (PLYM) shares surged 47% after the company received an unsolicited, nonbinding takeover proposal from Sixth Street Partners for $24.10 a share in cash.

Evercore (EVR) hired Lars Ingemarsson, Citigroup's (C) head of Nordic investment banking, to spearhead its expansion in the region, Bloomberg reported. Evercore (EVR) shares fell 1.1%, and Citi shed 0.8%.

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 0.1%.

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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