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Sector Update: Financial
Mar 27, 2025 10:58 AM

01:38 PM EDT, 03/27/2025 (MT Newswires) -- Financial stocks were decreasing in Thursday afternoon trading, with the NYSE Financial Index down 0.3% and the Financial Select Sector SPDR Fund (XLF) off 0.2%.

The Philadelphia Housing Index was shedding 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was slipping 0.2%.

Bitcoin (BTC-USD) was up 0.1% at $87,025, and the yield for 10-year US Treasuries was rising 4 basis points to 4.37%.

In economic news, US gross domestic product growth was revised up to 2.4% for Q4 from a 2.3% increase in the previous estimate, compared with expectations for no revision in a survey compiled by Bloomberg.

In corporate news, Vanguard recently held talks with Carlyle (CG) and Blackstone (BX), among others, to explore potential partnerships that would market private assets to individual investors, Bloomberg reported. Carlyle shares were falling 1.6%, and Blackstone was down 2%.

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