Sector Update: Financial Stocks Advance in Afternoon Trading

01:56 PM EDT, 09/11/2025 (MT Newswires) -- Financial stocks were higher in Thursday afternoon trading, with the NYSE Financial Index rising 1.3% and the Financial Select Sector SPDR Fund (XLF) ahead 1.5%.

The Philadelphia Housing Index was climbing 2.4%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 1.2%.

Bitcoin (BTC-USD) was increasing 0.9% to $114,571, and the yield for 10-year US Treasuries was shedding 3 basis points to 4.01%.

In economic news, the consumer price index rose by 0.4% in August, up from 0.2% in July. A Bloomberg-polled consensus was for a 0.3% rise. Annually, inflation accelerated 2.9% from 2.7%, the strongest pace since January, the Bureau of Labor Statistics said.

Initial jobless claims rose to 263,000 in the week ended Sept. 6 from a downwardly revised 236,000 in the previous week, compared with expectations for 235,000 in a Bloomberg-compiled survey.

Markets are now pricing a 75% probability that the Federal Open Market Committee will lower interest rates by 75 basis points by December, up from 68% a day ago, according to the CME FedWatch Tool.

In corporate news, JPMorgan Chase (JPM) plans to increase hiring across its corporate banking business in the Asia Pacific region by about 20% next year, Reuters reported. Separately, JPMorgan (JPM) is preparing plans for a new office building in London and has hired architecture firm Foster + Partners to draft designs for what could be the company's biggest office in the city, Bloomberg reported. JPMorgan (JPM) shares rose 1.4%.

JPMorgan Chase (JPM) and Deutsche Bank (DB) are leading a roughly 750 million euro ($879 million) debt financing to back Apollo Global Management's (APO) purchase of German cooling systems manufacturer Kelvion, Bloomberg reported. Apollo shares climbed 3%.

WisdomTree (WT) shares rose 2.1% after it reported assets under management of $131.14 billion as of Aug. 31, up from $127.19 billion at the end of July.

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