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Sector Update: Financial Stocks Advance Wednesday Afternoon

BY MT Newswires | TREASURY | 09/17/25 01:47 PM EDT

01:47 PM EDT, 09/17/2025 (MT Newswires) -- Financial stocks were rising in Wednesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each adding 0.7%.

The Philadelphia Housing Index was increasing 0.8%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.6%.

Bitcoin (BTC-USD) was declining 0.9% to $115,712, and the yield for 10-year US Treasuries was rising 3 basis points to 4.05%.

Investors are awaiting the Federal Reserve's interest rate decision at 2 pm ET, which will be followed by Fed Chair Jerome Powell's press conference at 2:30 pm ET. The Fed's Federal Open Market Committee is widely expected to announce a 25 basis point easing, the first rate cut this year.

In corporate news, Rithm Capital (RITM) said Wednesday it has agreed to buy real estate investment trust Paramount Group (PGRE) for $1.6 billion in cash. Rithm shares gained 3.6%, and Paramount Group (PGRE) fell over 11%.

Goldman Sachs (GS) is assessing investor sentiment for a $6 billion loan to support Thoma Bravo's $12.3 billion acquisition of software company Dayforce (DAY), Bloomberg reported. Goldman shares were up 0.6%.

Carlyle (CG) and Macquarie held talks about Macquarie buying Carlyle, but those discussions fizzled out this summer, Semafor reported. Carlyle shares rose 1.3%.

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

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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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