Sector Update: Financial

BY MT Newswires | TREASURY | 12/04/25 01:26 PM EST

01:26 PM EST, 12/04/2025 (MT Newswires) -- Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 0.5% and the Financial Select Sector SPDR Fund (XLF) up 0.2%.

The Philadelphia Housing Index was declining 0.9%, and the Real Estate Select Sector SPDR Fund (XLRE) was increasing 0.1%.

Bitcoin (BTC-USD) was shedding 1.2% to $92,323, and the yield for 10-year US Treasuries was rising 4 basis points to 4.10%.

In corporate news, Brookfield Asset Management (BAM) , together with a sovereign investor, has provided up to 1 billion euros ($1.17 billion) in mezzanine financing to Singapore-based DayOne Data Centers, the companies said Thursday. The facility has a base capacity of 500 million euros, expandable up to 1 billion euros. Separately, Brookfield, ByteDance, and other investors are pursuing data center projects in Brazil with renewable power company Voltalia, Bloomberg reported. Brookfield shares rose 0.3%.

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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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