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Sector Update: Financial Stocks Higher in Afternoon Trading

BY MT Newswires | TREASURY | 08/27/25 01:42 PM EDT

01:42 PM EDT, 08/27/2025 (MT Newswires) -- Financial stocks advanced in Wednesday afternoon trading, with the NYSE Financial Index rising 0.3% and the Financial Select Sector SPDR Fund (XLF) climbing 0.4%.

The Philadelphia Housing Index declined 0.1%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.4%.

Bitcoin (BTC-USD) rose 0.2% to $112,013, and the yield for 10-year US Treasuries was little changed at 4.25%.

In economic news, mortgage applications fell by 0.5% in the week ended Aug. 22 on a decline in refinancing applications that was partially offset by an increase in purchase applications, according to Mortgage Bankers Association data released Wednesday.

In corporate news, Aspen Insurance (AHL) agreed to be acquired by Japan's Sompo Holdings for $3.5 billion in cash, or $37.50 a share. Aspen stock jumped 13%.

Elliott Investment Management has taken a stake in Rexford Industrial Realty (REXR) that makes it one of the top five investors in the real estate investment trust, Bloomberg reported. Rexford shares climbed past 4%.

PayPal (PYPL) attributed the irregularities experienced by multiple German banks to a recent service disruption, Bloomberg reported. PayPal (PYPL) said the issue has been fixed and payment processing is back to normal, a company spokesperson told Bloomberg, adding that the disruption was not caused by a data or systems compromise. PayPal (PYPL) shares were shedding 0.8%.

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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