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Sector Update: Financial Stocks Advance in Afternoon Trading

BY MT Newswires | TREASURY | 12/23/25 01:46 PM EST

01:46 PM EST, 12/23/2025 (MT Newswires) -- Financial stocks were higher in Tuesday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each adding 0.4%.

The Philadelphia Housing Index shed 0.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) decreased 0.3%.

Bitcoin (BTC-USD) was declining 2% to $87,674, and the yield for 10-year US Treasuries was slightly higher at 4.17%.

In economic news, the US economy grew at an annual rate of 4.3% in Q3, the fastest pace in two years, amid robust consumer spending, according to an initial estimate released Tuesday by the Bureau of Economic Analysis. The consensus was for 3.3% jump in a Bloomberg-compiled survey.

Demand for US durable goods declined more than expected in October, weighed down by double-digit drops in the civilian and defense aircraft segments, according to the delayed Census Bureau data. Orders for tangible items with an average life of at least three years decreased by 2.2% sequentially to about $307.38 billion two months ago, the Census Bureau said. That follows a month-on-month gain of 0.7% in September. The consensus was for a 1.5% decline in October, as per a survey compiled by Bloomberg.

In corporate news, Aflac (AFL) said a cyberattack disclosed earlier this year exposed the personal and sensitive health information of 22.65 million people, TechCrunch reported Tuesday, citing filings with attorneys general in Texas and Iowa. Aflac (AFL) shares were up 0.7%.

KKR-backed (KKR) FiberCop alleged in a legal challenge that Infratel Italia offered special treatment to its rival Open Fiber in the country's $4.7 billion fiber rollout, Bloomberg reported. KKR shares were fractionally lower.

Blackstone (BX) said it has agreed to acquire Hamilton Island in Queensland, Australia, from the Oatley family. Blackstone shares eased 0.2%.

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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