Sector Update: Financial
BY MT Newswires | TREASURY | 09/05/25 01:14 PM EDT01:14 PM EDT, 09/05/2025 (MT Newswires) -- Financial stocks were decreasing in Friday afternoon trading, with the NYSE Financial Index falling 1.2% and the Financial Select Sector SPDR Fund (XLF) dropping 1.9%.
The Philadelphia Housing Index was climbing 1.9%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.7%.
Bitcoin (BTC-USD) was easing 0.1% to $110,681, and the yield for 10-year US Treasuries dropped 10 basis points to 4.08%.
In economic news, the August employment report showed nonfarm payrolls rose by 22,000, significantly below the 75,000 job increase expected in a survey compiled by Bloomberg.
In corporate news, Citigroup
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