Sector Update: Financial Stocks Decline in Afternoon Trading

02:05 PM EDT, 09/16/2025 (MT Newswires) -- Financial stocks fell in Tuesday afternoon trading with the NYSE Financial Index dropping 0.3% and the Financial Select Sector SPDR Fund (XLF) easing 0.2%.

The Philadelphia Housing Index declined 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.6%.

Bitcoin (BTC-USD) rose 1.5% to $116,519, and the yield for 10-year US Treasuries dropped 1 basis point to 4.03%.

In economic news, retail sales rose by 0.6% in August, above the 0.2% increase expected in a survey compiled by Bloomberg and following the previous month's 0.6% gain.

Industrial production rose by 0.1% in August, in contrast with a 0.1% drop expected in a survey compiled by Bloomberg and following a downwardly revised 0.4% decrease in July.

In corporate news, BlackRock (BLK) and Janus Henderson (JHG) were dropped as external managers of Dutch pension fund PFZW's list of external managers overseeing its credit portfolio, Bloomberg reported. BlackRock (BLK) shares eased 0.2%, and Janus dropped 1.5%.

Apollo Global Management (APO) is exploring a sale of AOL after receiving interest, The Wall Street Journal reported. A deal may value the internet brand at $1.5 billion, the report said. Apollo shares rose 0.8%.

FactSet Research Systems' (FDS) RMS Partners business was acquired by BlueMatrix. FactSet shares fell 0.4%.

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