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Sector Update: Financial Stocks Decline Late Afternoon

BY MT Newswires | TREASURY | 12/29/25 03:43 PM EST

03:43 PM EST, 12/29/2025 (MT Newswires) -- Financial stocks were decreasing in late Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each shedding about 0.4%.

The Philadelphia Housing Index fell 0.7%, while the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.2%.

Bitcoin (BTC-USD) was down 0.6% at $87,330, and the yield for 10-year US Treasuries shed 2 basis points to 4.12%.

In economic news, pending home sales rose by 3.3% in November, following a 2.4% increase in October, according to the National Association of Realtors. The expectations were for 1% increase in a Bloomberg-compiled survey.

The Texas manufacturing sector's downturn worsened in December as the production, shipments, new orders, and employment measures turned negative, data from the Federal Reserve Bank of Dallas showed.

In corporate news, Moody's (MCO) Moody's Ratings said Monday it placed Janus Henderson's (JHG) Baa2 long-term issuer rating and Janus Henderson US' Baa2 backed senior unsecured debt ratings on a review for downgrade status following the $7.4 billion acquisition offer of Trian Fund Management and General Catalyst. Janus Henderson (JHG) shares were down 0.1%.

DigitalBridge (DBRG/PJ) will be acquired by SoftBank in a deal worth about $4 billion, as the Japanese investment giant looks to develop its data center and connectivity capacity for artificial intelligence infrastructure. DigitalBridge (DBRG/PJ) jumped past 9%.

Blackstone's (BX) AirTrunk is considering options including a potential real estate investment trust listing in Singapore, Bloomberg reported. The Australian data-center operator, which was acquired by Blackstone and Canada Pension Plan Investment Board in 2024, has held private discussions with advisers about a possible REIT initial public offering, aiming to raise upwards of $1 billion in the process, the report said. Blackstone shares were fractionally higher.

KKR (KKR) has first negotiation rights to take Japan's Yomeishu Seizo private and is planning to finalize the terms to launch a tender offer in January, Bloomberg reported. KKR shares were down 0.6%.

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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