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Sector Update: Financial

BY MT Newswires | TREASURY | 09/25/25 03:33 PM EDT

03:33 PM EDT, 09/25/2025 (MT Newswires) -- Financial stocks fell in late Thursday afternoon trading, with the NYSE Financial Index down 0.5% and the Financial Select Sector SPDR Fund (XLF) shedding 0.4%.

The Philadelphia Housing Index declined 1.2%, and the Real Estate Select Sector SPDR Fund (XLRE) eased 0.1%.

Bitcoin (BTC-USD) fell 3.3% to $109,909, and the yield for 10-year US Treasuries rose 2.3 basis points to 4.17%.

In economic news, US economic growth, measured by gross domestic product, was revised up to a 3.8% increase in Q2 from a 3.3% gain in the previous estimate, compared with expectations for no revision in a survey compiled by Bloomberg.

US initial jobless claims last week fell to 218,000 from an upwardly revised 232,000 in the previous week, compared with expectations for an increase to 233,000 in a Bloomberg survey.

New orders for US durable goods rebounded by 2.9% in August following a decline of 2.7% in July, compared with expectations for a 0.3% drop in a survey compiled by Bloomberg.

In corporate news, HSBC (HSBC) said a trial conducted with IBM (IBM) to explore the use of quantum computers in optimizing bond trading showed "promising" results. HSBC (HSBC) shares were down 1.5%.

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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