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Sector Update: Financial

BY MT Newswires | TREASURY | 01:25 PM EST

01:25 PM EST, 12/08/2025 (MT Newswires) -- Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each shedding 0.6%.

The Philadelphia Housing Index was falling 1.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.4%.

Bitcoin (BTC-USD) was 1.1% lower at $90,463, and the yield for 10-year US Treasuries was rising 3.5 basis points to 4.17%.

In corporate news, BlackRock (BLK) expects investment in AI infrastructure to keep rising rather than plateauing, CNBC reported Monday, citing an interview with Chief Investment Strategist Ben Powell. The clearest beneficiaries are the "picks and shovels" of the cycle, including chipmakers, energy suppliers, and materials manufacturers, the news outlet quoted Powell as saying. BlackRock (BLK) shares were down 1.1%.

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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