Sector Update: Financial Stocks Mixed Thursday Afternoon

BY MT Newswires | TREASURY | 01:40 PM EDT

01:40 PM EDT, 06/25/2026 (MT Newswires) -- Financial stocks were mixed in Thursday afternoon trading, with the NYSE Financial Index rising 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) decreasing 0.2%.

The Philadelphia Housing Index was climbing 1.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.2%.

Bitcoin (BTC-USD) was up 0.3% to $59,628, and the yield for 10-year US Treasuries was decreasing 2 basis points to 4.38%.

In economic news, annual inflation accelerated to 4.1% in May, the fastest print since April 2023, matching consensus, based on the personal consumption expenditures, or PCE, price index data from the Bureau of Economic Analysis. It follows a 3.8% gain in April. Core PCE inflation, which strips out food and energy, accelerated to 3.4% from a year ago, as expected, from 3.3% in April. That's the highest reading since October 2023.

In corporate news, JPMorgan Chase (JPM) said Thursday that Doug Petno and Troy Rohrbaugh, co-chief executives of JPMorgan's (JPM) commercial and investment bank, have been named co-presidents of the company, effective immediately. JPMorgan (JPM) shares were up 0.7%.

CME (CME) is planning to introduce wind derivatives linked to markets in the US, Europe and Australia as renewable energy generation expands, Bloomberg reported. CME shares were down 2.6%.

Blackstone (BX) and Bain Capital are among the firms that have moved forward in the sale process for Fuji Media's property business, Sankei Building, Bloomberg reported. Preliminary bids reportedly value the real estate unit at about 1 trillion Japanese yen ($6.18 billion), potentially making the transaction the largest property deal in Japan, the report said. Blackstone shares rose 2.2%.

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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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