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Sector Update: Financial
May 26, 2025 7:03 AM

01:37 PM EDT, 05/13/2025 (MT Newswires) -- Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 0.5% and the Financial Select Sector SPDR Fund (XLF) ahead 0.8%.

The Philadelphia Housing Index was up 0.5%, while the Real Estate Select Sector SPDR Fund (XLRE) was shedding 1.3%.

Bitcoin (BTC-USD) was increasing 1.1% to $103,909, and the yield for 10-year US Treasuries was up 3 basis points at 4.49%.

In economic news, the US seasonally adjusted consumer price index rebounded by 0.2% in April after a 0.1% decline in March, below expectations for a 0.3% increase in a survey compiled by Bloomberg. Core CPI, which excludes food and energy prices, also rose by 0.2%, below the consensus estimate for 0.3% gain.

In corporate news, Coinbase (COIN) will replace Discover Financial Services (DFS) on the S&P 500 on May 19, S&P Dow Jones Indices said late Monday. Coinbase shares jumped 22%, and Discover was up 1.4%.

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