Small font size A Larger text size A Largest text size A

Sector Update: Financial

BY MT Newswires | TREASURY | 09/04/25 03:29 PM EDT

03:29 PM EDT, 09/04/2025 (MT Newswires) -- Financial stocks advanced in late Thursday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each adding 1%.

The Philadelphia Housing Index climbed 2.5%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.6%.

Bitcoin (BTC-USD) fell 1.6% to $109,970, and the yield for 10-year US Treasuries dropped 4 basis points to 4.18%.

In corporate news, Apollo Global Management (APO) has reached a settlement with two former executives of its insurance subsidiary Athene just days before their case was set to go to trial, Bloomberg reported. Apollo shares rose 1.8%.

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

More Fixed Income News

PRECIOUS-Gold ticks lower on increased risk appetite; investors await U.S. economic data BY Reuters |ECONOMIC 04:26 AM EST
German 10-year yields inch lower as markets watch regional politics BY Reuters |ECONOMIC 03:53 AM EST
FRN Variable Rate Fix BY Business Wire |CORPORATE 03:06 AM EST
Trump Says He 'Made A Mistake' Passing Over Kevin Warsh For Fed Chair In 2017: 'Really Big Mistake' BY Benzinga |ECONOMIC 02:42 AM EST

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.

fir_news_article