Sector Update: Financial Stocks Higher Late Afternoon

04:04 PM EDT, 09/26/2025 (MT Newswires) -- Financial stocks advanced in late Friday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each adding 0.9%.

The Philadelphia Housing Index climbed 1.6%, and the Real Estate Select Sector SPDR Fund (XLRE) increased 1.1%.

Bitcoin (BTC-USD) rose 0.7% to $109,638, and the yield for 10-year US Treasuries gained 2.1 basis points to 4.189%.

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, as expected in a survey conducted by Bloomberg, and rose 2.7% from a year earlier. The core measure was up 0.2% month over month, as expected, and was steady at 2.9% annually.

In corporate news, Goldman Sachs (GS) is advising on a potential sale or US listing of MRI Software, valuing the company at up to $10 billion, including debt, Reuters reported. Goldman shares were up 0.9%.

Riot Platforms (RIOT) shares jumped 4.8% after JPMorgan and Citigroup upgraded their ratings on the stock.

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 1.4%.

Tiptree (TIPT) and Warburg Pincus have agreed to sell 100% of US specialty insurer Fortegra to South Korea's DB Insurance for about $1.65 billion in cash, the companies said late Thursday. Tiptree (TIPT) shares fell 5.3%.

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