Sector Update: Financial Stocks Decline Late Afternoon

04:00 PM EDT, 09/30/2025 (MT Newswires) -- Financial stocks were decreasing in late Tuesday trading, with the NYSE Financial Index shedding 0.7% and the Financial Select Sector SPDR Fund (XLF) down 0.6%.

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

Bitcoin (BTC-USD) was increasing 0.5% to $113,830, and the yield for 10-year US Treasuries edged up to 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, EP said. Ares shares were down 2.6%.

JPMorgan Chase (JPM) plans to offer an actively managed exchange-traded fund that will invest across debt markets and incorporate private credit assets, Bloomberg reported. JPMorgan (JPM) shares were down 0.3%.

Robinhood (HOOD) is considering expanding its prediction markets outside the US, Bloomberg reported, citing an interview with JB Mackenzie, the company's vice president and general manager of futures and international. Robinhood climbed 4.3%.

Ambac Financial (AMBC) shares tumbled over 14%. The firm said late Monday it has agreed to buy a supplemental health insurance program manager, ArmadaCare, from SiriusPoint (SPNT) for $250 million.

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