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Sector Update: Financial Stocks Fall Late Afternoon
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Sector Update: Financial Stocks Fall Late Afternoon
Sep 5, 2025 12:51 PM

03:39 PM EDT, 09/05/2025 (MT Newswires) -- Financial stocks declined in late Friday afternoon trading with the NYSE Financial Index falling 1% and the Financial Select Sector SPDR Fund (XLF) dropping 1.8%.

The Philadelphia Housing Index rose 2%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.9%.

Bitcoin (BTC-USD) advanced 1.1% to $111,211, and the yield for 10-year US Treasuries dropped 9 basis points to 4.09%.

In economic news, the August employment report showed nonfarm payrolls rose by 22,000, below the increase of 75,000 expected in a survey compiled by Bloomberg.

In corporate news, Goldman Sachs ( GS ) is among the banks competing with private credit companies to fund potential buyers of Advent International's Zentiva, Bloomberg reported. Goldman shares fell 1.1%.

Citigroup ( C ) and UBS (UBS) units were among several firms that agreed to pay a combined $8.3 million to settle US Commodity Futures Trading Commission claims over compliance failures. Citi shares fell 1.5%, and UBS was little changed.

JPMorgan Chase ( JPM ) and Mitsubishi UFJ Financial Group ( MUFG ) are spearheading a $38 billion debt package to finance AI-focused data centers in Texas and Wisconsin for Oracle (ORCL), Bloomberg reported. JPMorgan ( JPM ) shares were falling 2.6%, and Mitsubishi UFJ decreased 0.6%.

Healthcare Realty Trust (HR) shares rose 3.1% after Scotiabank upgraded the stock to sector outperform from sector perform and raised its price target to $20 from $18.

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