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Sector Update: Financial

BY MT Newswires | TREASURY | 08/25/25 03:37 PM EDT

03:37 PM EDT, 08/25/2025 (MT Newswires) -- Financial stocks fell in late Monday afternoon trading with the NYSE Financial Index dropping 0.6% and the Financial Select Sector SPDR Fund (XLF) shedding 0.5%.

The Philadelphia Housing Index declined 0.9%, and the Real Estate Select Sector SPDR Fund (XLRE) lost 0.4%.

Bitcoin (BTC-USD) fell1.3% to $111,974, and the yield for 10-year US Treasuries rose 2 basis points to 4.28%.

In economic news, single-family home sales in July slid 0.6% sequentially to a seasonally adjusted annual rate of 652,000 units, according to the Census Bureau and the Department of Housing and Urban Development. The consensus of analysts surveyed by Bloomberg was for a 0.5% gain versus June's unrevised figure.

The Dallas Federal Reserve's monthly manufacturing index fell to a reading of minus 1.8 in August from 0.9 in July, compared with expectations for a reading of minus 1.7 in a survey compiled by Bloomberg.

In corporate news, Webull (BULL) relaunched cryptocurrency trading for US residents directly through its app. Webull (BULL) shares fell 2%.

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

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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.

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