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Sector Update: Financial Stocks Softer Monday Afternoon

BY MT Newswires | TREASURY | 09/22/25 01:54 PM EDT

01:54 PM EDT, 09/22/2025 (MT Newswires) -- Financial stocks fell in Monday afternoon trading with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund (XLF) dropping 0.2%.

The Philadelphia Housing Index dropped 1.5%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.3%.

Bitcoin (BTC-USD) declined 2.5% to $112,416, and the yield for 10-year US Treasuries was little changed at 4.14%.

In corporate news, Brighthouse Financial (BHF) stock fell 2.6% after shareholder Greenlight Capital sent a letter to the insurance company's board urging it to move forward with a reported takeover offer from Aquarian Holdings.

PayPal (PYPL) received a letter from the House Select Committee on the Chinese Communist Party seeking assurances that its integration with Tencent's Tenpay Global comply with US anti-money laundering regulations. PayPal (PYPL) shares declined 1.1%.

BBVA (BBVA) raised its all-stock offer to buy Banco Sabadell by 10%, valuing the deal at 17 billion euros ($20 billion). BBVA shares fell 2.5%.

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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