Content and data provided by various third parties and Fidelity - Terms of Use
Print.Print
Small font size A Larger text size A Largest text size A

Sector Update: Financial Stocks Decline in Afternoon Trading

BY MT Newswires | TREASURY | 11/13/25 01:52 PM EST

01:52 PM EST, 11/13/2025 (MT Newswires) -- Financial stocks fell in Thursday afternoon trading with the NYSE Financial Index dropping 0.6% and the Financial Select Sector SPDR Fund (XLF) shedding 0.8%.

The Philadelphia Housing Index declined 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) lost 0.7%.

Bitcoin (BTC-USD) fell 2.9% to $98,589, and the yield for 10-year US Treasuries climbed 4.3 basis points to 4.11%.

In economic news, according to the Federal Reserve Bank of Cleveland's inflation nowcast, the core consumer price index, which excludes the more volatile food and energy prices, is forecast to have grown by an estimated 0.3% in October. In September, according to the US Bureau of Labor Statistics, the core CPI rose by 0.2%. October's CPI data from the BLS, scheduled for release on Thursday, is delayed, according to media reports.

In corporate news, Carlyle (CG) is exploring ways to acquire foreign assets from Lukoil, a major Russian oil company, Reuters reported. Carlyle shares fell 3.2%.

Spain's ACS is nearing a 23 billion-euro ($26.8 billion) partnership with BlackRock's (BLK) Global Infrastructure Partners to develop data centers, Reuters reported. BlackRock (BLK) shares were shedding 2.4%.

Blackstone (BX) said Thursday it will invest $1.2 billion to build a 600-megawatt power generation facility in Harrison County, West Virginia, through funds affiliated with Blackstone Energy Transition Partners. Blackstone shares were down 4%.

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

More Fixed Income News

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.

© 1998 – 2014 FMR LLC.

All rights reserved.
fir_news_article