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Sector Update: Financial

BY MT Newswires | TREASURY | 09/30/25 03:36 PM EDT

03:36 PM EDT, 09/30/2025 (MT Newswires) -- Financial stocks were decreasing in late Tuesday afternoon trading, with the NYSE Financial Index shedding 0.7% and the Financial Select Sector SPDR Fund (XLF) down 0.6%.

The Philadelphia Housing Index eased 0.1%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.3%.

Bitcoin (BTC-USD) was declining 0.5% to $113,830, and the yield for 10-year US Treasuries was slightly higher at nearly 4.15%.

In economic news, a meeting between Republicans and Democrats on Monday yielded no progress on a spending bill to avert a partial government shutdown, which could begin as soon as Wednesday, news outlets reported.

US job openings rose to 7.227 million in August, beating expectations of 7.2 million and slightly above July's 7.208 million.

The Conference Board's consumer confidence index fell to 94.2 in September, below forecasts and its lowest since April 2025.

In corporate news, Ares Management (ARES) Private Equity funds has agreed to buy a "significant" minority stake in EP Wealth Advisors. Ares shares were down 3.7%.

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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