Sector Update: Financial Stocks Mixed Late Afternoon

03:50 PM EST, 12/12/2025 (MT Newswires) -- Financial stocks were mixed in late Friday afternoon trading, with the NYSE Financial Index shedding 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) rising 0.1%.

The Philadelphia Housing Index was shedding 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was easing 0.1%.

Bitcoin (BTC-USD) was falling 2.6% to $90,118, and the yield for 10-year US Treasuries rose 5 basis points to 4.19%.

In corporate news, Blackstone (BX) is expanding its presence in grocery-anchored retail with a roughly $440 million deal to acquire a portfolio of Texas shopping centers, Bloomberg reported. Blackstone shares were down 2.3%.

Mexico's financial authorities are close to approving billionaire Fernando Chico Pardo's bid to buy a 25% stake in Citigroup's (C) Mexican retail-banking unit, Banamex, Bloomberg reported. Citi shares were down 0.3%.

Coinbase (COIN) is expected to launch prediction markets and tokenized equities next week, Bloomberg reported. The cryptocurrency exchange will announce the products at a showcase on Wednesday, with the tokenized stocks to be launched in-house rather than via partners, the report said. Coinbase shares were fractionally lower.

Nasdaq (NDAQ) has proposed a rule change that would allow it to deny initial listing to companies even if the applicant meets all listing requirements based on the potential for manipulative trading by third parties, according to a regulatory filing. The company's shares were down 0.5%.

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