Sector Update: Financial

BY MT Newswires | TREASURY | 09/10/25 01:10 PM EDT

01:10 PM EDT, 09/10/2025 (MT Newswires) -- Financial stocks were mixed in Wednesday afternoon trading, with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund (XLF) off 0.2%.

The Philadelphia Housing Index was shedding 0.3%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 0.3%.

Bitcoin (BTC-USD) was increasing 2.1% to $113,864, and the yield for 10-year US Treasuries was dropping 3 basis points to 4.05%.

In economic news, the producer price index fell 0.1% in August, after a downwardly revised 0.7% increase in July, the Bureau of Labor Statistics reported Wednesday. A Bloomberg-compiled survey forecast a 0.3% gain. Annually, producer prices growth decelerated to 2.6% from 3.1%, lagging analysts' estimate for a 3.3% increase.

In corporate news, a group led by BlackRock's (BLK) Global Infrastructure Partners subsidiary secured a $10 billion financing package to back its investment in Saudi Aramco's natural gas infrastructure at the Jafurah project, Bloomberg reported. BlackRock (BLK) shares rose 0.3%.

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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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