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Sector Update: Financial

BY MT Newswires | TREASURY | 09/26/25 01:22 PM EDT

01:22 PM EDT, 09/26/2025 (MT Newswires) -- Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each rising 1%.

The Philadelphia Housing Index was climbing 1.3%, and the Real Estate Select Sector SPDR Fund (XLRE) added 1%.

Bitcoin (BTC-USD) was increasing 0.6% to $109,669, and the yield for 10-year US Treasuries was rising 2 basis points to 4.19%.

In economic news, US personal income gained 0.4% in August while personal consumption expenditures rose 0.6%, both above forecasts, according to Bureau of Economic Analysis data. The PCE price index increased 0.3% month over month and rose 2.7% from a year earlier, with the core measure up 0.2% month over month and steady at 2.9% annually. Estimates compiled by Bloomberg expected a 0.3% month-on-month gain for the PCE price index and a 0.2% month-on-month increase for the core measure.

In corporate news, Apollo Global Management (APO) is in talks to buy a 50% stake in Orsted's 8.5 billion pound ($11.34 billion) Hornsea 3 offshore wind farm located off the UK's east coast, the Financial Times reported. Apollo shares rose 2%.

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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