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Sector Update: Financial

BY MT Newswires | TREASURY | 10/29/25 01:28 PM EDT

01:28 PM EDT, 10/29/2025 (MT Newswires) -- Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index down 0.7% and the Financial Select Sector SPDR Fund (XLF) falling 1.1%.

The Philadelphia Housing Index was up 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) dropped 2%.

Bitcoin (BTC-USD) was declining 1.6% to $111,163, and the yield for 10-year US Treasuries was rising 1.4 basis points to nearly 4%.

In economic news, the US Federal Reserve is widely expected to cut interest rates by 25 basis points, according to the CME FedWatch Tool. Investors will also look out for Fed Chair Jerome Powell's comments on the path ahead for policy in a press briefing following the policy announcement. Currently, the probability of another rate reduction of the same magnitude in December is 85%.

In corporate news, Fiserv (FI) shares fell 41% after it reported Q3 adjusted earnings and revenue that missed analysts' expectations. The company also lowered its 2025 adjusted EPS guidance to a range of $8.50 to $8.60 from $10.15 to $10.30.

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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