Small font size A Larger text size A Largest text size A

Sector Update: Financial

BY MT Newswires | TREASURY | 10/24/25 01:25 PM EDT

01:25 PM EDT, 10/24/2025 (MT Newswires) -- Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index up 0.9% and the Financial Select Sector SPDR Fund (XLF) adding 1.2%.

The Philadelphia Housing Index rose 0.8%, and the Real Estate Select Sector SPDR Fund (XLRE) increased 0.7%.

Bitcoin (BTC-USD) edged up 0.2% to $110,347, and the yield for 10-year US Treasuries was slightly higher at 3.99%.

In corporate news, Brookfield Asset Management (BAM) is in exclusive talks to buy two inactive nuclear reactors in South Carolina from Santee Cooper in a potential multi-billion-dollar deal aimed at meeting burgeoning power demand from AI data centers, the Wall Street Journal reported Friday, citing Santee executives. Brookfield shares rose 1.9%.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

More Fixed Income News

UBS Says Canada's January Jobs Report Overall Is "Not Great" BY MT Newswires |ECONOMIC 11:34 AM EST
Bank of Canada's Survey Shows Market Participants See First Bank of Canada Rate Hike in Q2 2027 BY MT Newswires |ECONOMIC 11:28 AM EST
TREASURIES-Longer-dated US yields rise to start data-packed week BY Reuters |ECONOMIC 11:26 AM EST
Analysis-French central bank governor's departure unlikely to shift ECB policy course BY Reuters |ECONOMIC 11:16 AM EST

All Fixed Income News

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.

fir_news_article