Sector Update: Financial Stocks Rise Late Afternoon

03:44 PM EDT, 09/11/2025 (MT Newswires) -- Financial stocks were higher in late Thursday afternoon trading, with the NYSE Financial Index rising 1.3% and the Financial Select Sector SPDR Fund (XLF) ahead 1.6%.

The Philadelphia Housing Index was climbing 2.3%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 1.6%.

Bitcoin (BTC-USD) was increasing 0.3% to $114,279, and the yield for 10-year US Treasuries shed 2 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.

In corporate news, Blackstone (BX) is progressing an $800 million deal in private credit financing for safety products manufacturer Justrite Safety, Bloomberg reported. Blackstone shares climbed 3.4%.

Carlyle's (CG) AlpInvest unit is seeking to raise at least $4 billion and as much as $5 billion for a new fund to give investors access to cash from their private equity investments, Bloomberg reported. Carlyle shares added 2.7%.

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 1.7%.

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 were up 2.4%.

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