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Sector Update: Financial

BY MT Newswires | TREASURY | 11/06/25 01:15 PM EST

01:15 PM EST, 11/06/2025 (MT Newswires) -- Financial stocks were decreasing in Thursday afternoon trading, with the NYSE Financial Index easing 0.3% and the Financial Select Sector SPDR Fund (XLF) down 0.6%.

The Philadelphia Housing Index was shedding 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) was decreasing 0.2%.

Bitcoin (BTC-USD) was declining 2.4% to $101,421, and the yield for 10-year US Treasuries was dropping 7.4 basis points to 4.08%.

In economic news, outplacement firm Challenger, Gray & Christmas said Thursday that companies planned to cut 153,074 jobs in October, up from 54,064 in September and 55,597 a year ago, posting the largest total for October since 2003. The most cited reason for layoffs was cost-cutting, which accounted for 50,437 of the monthly total, followed by AI, which accounted for 31,039 layoff intentions.

In corporate news, Brighthouse Financial (BHF) has agreed to be acquired by an affiliate of Aquarian Capital for $70 per share in an all-cash deal valued at about $4.10 billion, the companies said Thursday. Brighthouse shares surged nearly 27%.

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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