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Sector Update: Financial Stocks Rise Friday Afternoon

BY MT Newswires | TREASURY | 10/17/25 01:58 PM EDT

01:58 PM EDT, 10/17/2025 (MT Newswires) -- Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index up 0.5% and the Financial Select Sector SPDR Fund (XLF) adding 0.6%.

The Philadelphia Housing Index was decreasing 0.3%, while the Real Estate Select Sector SPDR Fund (XLRE) rose 0.2%.

Bitcoin (BTC-USD) was declining 2.2% to $106,192, and the yield for 10-year US Treasuries was rising 3 basis points to 4.01%.

In economic news, President Donald Trump told Fox Business the imposition of a 100% tariff on Chinese goods in response to Beijing's export controls on rare earth would not be sustainable, while confirming plans to meet his Chinese counterpart, Xi Jinping, in South Korea at the end of this month.

In corporate news, American Express (AXP) lifted the bottom end of its full-year outlook on Friday as the payments company's Q3 results surpassed market estimates amid card member spending growth. Its shares jumped 7%.

Fifth Third Bancorp (FITB) , Huntington Bancshares (HBAN) , and Regions Financial (RF) on Friday provided upbeat views on credit quality, helping ease broader concerns over bad loans at US banks. Fifth Third shares added 1.3%, Huntington rose 0.8%, while Regions was fractionally lower.

Truist Financial (TFC) shares climbed 3.5% after it reported Q3 earnings that beat analysts' expectations.

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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