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Sector Update: Financial

BY MT Newswires | TREASURY | 03:37 PM EST

03:37 PM EST, 12/10/2025 (MT Newswires) -- Financial stocks advanced in late Wednesday afternoon trading, with the NYSE Financial Index rising 1.5% and the State Street Financial Select Sector SPDR ETF (XLF) adding 1.3%.

The Philadelphia Housing Index was climbing 3.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.7%.

Bitcoin (BTC-USD) was rising 0.9% to $93,565, and the yield for 10-year US Treasuries fell 2 basis points to 4.16%.

In economic news, the Federal Reserve reduced its benchmark lending rate by 25 basis points amid continued concerns about the health of the labor market, while policymakers reiterated their median rate expectations through 2028. The central bank's Federal Open Market Committee lowered interest rates to a range of 3.50% to 3.75%, in line with Wall Street's expectations and marking a third straight quarter-percentage-point cut.

In corporate news, UBS (UBS) Chair Colm Kelleher has received a request from US Senator Elizabeth Warren to disclose details of any communications he may have had with US Treasury Secretary Scott Bessent over possibly moving the bank to the US from Switzerland, Bloomberg reported, citing the lawmaker's Dec. 9 letter. UBS shares were up 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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