Sector Update: Financial Stocks Narrowly Mixed Wednesday Afternoon

01:52 PM EDT, 10/08/2025 (MT Newswires) -- Financial stocks were narrowly mixed in Wednesday afternoon trading, with the NYSE Financial Index increasing 0.2% and the Financial Select Sector SPDR Fund (XLF) down 0.1%.

The Philadelphia Housing Index was flat and the Real Estate Select Sector SPDR Fund (XLRE) was easing 0.3%.

Bitcoin (BTC-USD) was increasing 2% to $123,825, and the yield for 10-year US Treasuries was shedding 1 basis point to 4.11%.

Mortgage applications in the US fell for a second consecutive week as refinancing activity declined, the Mortgage Bankers Association said Wednesday. The market composite index, which measures loan application volume, dipped 4.7% on a seasonally adjusted basis for the week through Friday, and fell 5% without adjustments.

In corporate news, Jefferies Financial (JEF) said Wednesday First Brands filed for bankruptcy on Sept. 29, detailing its exposure to the bankrupt company through Point Bonita Capital and Apex Credit Partners. Morgan Stanley said in a note Wednesday that it calculated Jefferies' maximum potential losses at $44.6 million, lower than the $161 million in some media reports. Jefferies shares were falling 2.8%.

Apollo Global Management (APO) is eyeing potential investment opportunities in Spain related to energy transition, data centers and infrastructure, Bloomberg reported, citing the company's senior adviser for Iberia, Konstantin Sajonia-Coburgo. Apollo shares were shedding 0.5%.

Goldman Sachs (GS) is marketing a significant risk transfer deal tied to about $5 billion of corporate loans, Bloomberg reported. Goldman shares retreated 0.5%.

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