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Sector Update: Financial Stocks Mixed Thursday Afternoon
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Sector Update: Financial Stocks Mixed Thursday Afternoon
Jul 31, 2025 11:09 AM

01:54 PM EDT, 07/31/2025 (MT Newswires) -- Financial stocks were mixed in Thursday afternoon trading, with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund (XLF) easing 0.1%.

The Philadelphia Housing Index was fractionally higher, while the Real Estate Select Sector SPDR Fund (XLRE) was shedding 1.1%.

Bitcoin (BTC-USD) was increasing 0.2% to $118,132, and the yield for 10-year US Treasuries was dropping 4 basis points to 4.34%.

In economic news, President Donald Trump said Thursday on Truth Social that he is extending the deadline for when tariffs go into effect for Mexico by 90 days.

The personal consumption expenditures, or PCE, price index rose by 0.3%, matching expectations of a survey conducted by Bloomberg and lifting the year-over-year rate to 2.6% from 2.4%.

In corporate news, Mastercard ( MA ) shares rose 2.8% after the company reported Thursday Q2 results above Wall Street expectations, reflecting robust consumer spending that helped lift cross-border volume.

President Donald Trump is set to meet with Goldman Sachs ( GS ) Chief Executive David Solomon at the White House on Thursday afternoon, Bloomberg reported. Goldman shares were down 0.9%.

S&P Global ( SPGI ) shares climbed 4% after it reported higher Q2 adjusted earnings and revenue that beat analyst expectations and lifted the low-end of its 2025 adjusted earnings outlook.

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