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Sector Update: Financial

BY MT Newswires | TREASURY | 10/01/25 01:37 PM EDT

01:37 PM EDT, 10/01/2025 (MT Newswires) -- Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index down 0.5% and the Financial Select Sector SPDR Fund (XLF) lower by 0.7%.

The Philadelphia Housing Index was easing 0.1%, and the Real Estate Select Sector SPDR Fund (XLRE) was slipping 0.2%.

Bitcoin (BTC-USD) was increasing 3.1% to $117,536, and the yield for 10-year US Treasuries was decreasing 3 basis points to 4.12%.

In corporate news, Goldman Sachs (GS) , Carlyle (CG), State Street (STT) and Franklin Resources' (BEN) Franklin Templeton are looking to open offices in Kuwait, which they already count as a client, Bloomberg reported. Goldman shares were down more than 1%, Carlyle was shedding 2.5%, State Street declined 1.5% and Franklin Resources (BEN) was down 2%.

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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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