Sector Update: Financial Stocks Advance Tuesday Afternoon

01:59 PM EDT, 09/09/2025 (MT Newswires) -- Financial stocks were rising in Tuesday afternoon trading, with the NYSE Financial Index up 0.2% and the Financial Select Sector SPDR Fund (XLF) ahead 0.4%.

The Philadelphia Housing Index was falling 2.9%, and the Real Estate Select Sector SPDR Fund (XLRE) was shedding 0.2%.

Bitcoin (BTC-USD) was declining 0.8% to $111,164, and the yield for 10-year US Treasuries was up nearly 3 basis points at 4.07%.

In economic news, the Bureau of Labor Statistics' preliminary estimate of its benchmark revision to nonfarm payrolls is for a downward revision of 911,000 jobs, or 0.6% of total employment, the BLS said Tuesday. The BLS said the absolute average revision over the last 10 years is 0.2%. The final annual revision will be incorporated into payrolls in February 2026 with the release of data for January.

In corporate news, Nasdaq (NDAQ) is set to invest $50 million in cryptocurrency exchange Gemini Space Station through a private placement as part of a partnership between the companies, Reuters reported. Nasdaq shares rose 0.2%.

B. Riley Financial (RILY) said Tuesday that the audit committee of its board of directors has appointed BDO USA as the company's independent registered public accounting firm for its 2025 audit. The company continues to work with its current auditor, Marcum, to complete the 2024 annual audit, and said it expects to file its annual Form 10-K "soon". B. Riley shares were up 3%.

Western Union (WU) said Tuesday it launched a collaboration with DLocal (DLO) to enable digital payment methods on its online platforms in Latin America. Western Union (WU) shares were down 0.1%.

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