Sector Update: Financial Stocks Higher Late Afternoon

03:57 PM EDT, 09/09/2025 (MT Newswires) -- Financial stocks rose in late Tuesday afternoon trading with the NYSE Financial Index gaining 0.2% and the Financial Select Sector SPDR Fund (XLF) climbing 0.5%.

The Philadelphia Housing Index fell 3%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.3%.

Bitcoin (BTC-USD) declined 0.7% to $111,235, and the yield for 10-year US Treasuries rose 3 basis points to 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 bureau said the absolute average revision over the past 10 years is 0.2%.

JPMorgan Chase (JPM) Chief Executive Jamie Dimon said the latest labor market data indicates the US economy is slowing, CNBC reported Tuesday, citing an interview.

In corporate news, Blue Owl Capital-owned (OWL) Stack Infrastructure is considering a potential debt financing deal of up to 600 million euros ($702 million) linked to its data centers in Milan, Bloomberg reported. Blue Owl shares fell 1.3%.

B. Riley Financial (RILY) said that the audit committee of its board of directors 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 gained 3.9%.

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 were little changed.

Western Union (WU) is collaborating with DLocal (DLO) to enable digital payment methods on Western Union (WU) platforms in Latin America. Western Union (WU) shares fell 1.1%.

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