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Sector Update: Financial Stocks Higher in Afternoon Trading

BY MT Newswires | TREASURY | 02/25/26 01:47 PM EST

01:47 PM EST, 02/25/2026 (MT Newswires) -- Financial stocks gained in Wednesday afternoon trading, with the NYSE Financial Index rising 1.3% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 1.6%.

The Philadelphia Housing Index was falling 3.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.6%.

Bitcoin (BTC-USD) was climbing 7% to $68,526, and the yield for 10-year US Treasuries was slightly higher at 4.04%.

In economic news, mortgage applications rose 0.4% in the week ended Feb. 20, with lower mortgage rates lifting refinancing activity to offset a decline in new-home applications, according to Mortgage Bankers Association data released Wednesday.

In corporate news, Klarna (KLAR) shares jumped past 8% after the digital bank services provider said Wednesday its app now has more than 55 million monthly active users globally, with 9 million people using the app on a daily basis.

Blackstone (BX), Centerbridge Partners and TPG (TPG) have expressed interest in buying MarineMax (HZO) or pieces of it, Reuters reported. Blackstone shares rose 1.7%, and TPG added 2.8%.

KKR (KKR) and Japanese chemical producer Taiyo are in final talks for the latter to be taken private by KKR, Bloomberg reported. KKR shares advanced 1.3%.

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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