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Sector Update: Financial
Jun 27, 2025 12:38 PM

03:24 PM EDT, 06/27/2025 (MT Newswires) -- Financial stocks were mixed in late Friday afternoon trading, with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund (XLF) fractionally lower.

The Philadelphia Housing Index added 0.4%, and the Real Estate Select Sector SPDR Fund (XLRE) increased 0.1%.

Bitcoin (BTC-USD) eased 0.1% to $106,906, and the yield for 10-year US Treasuries rose 3 basis points to 4.28%.

In economic news, the personal consumption expenditures price index rose 0.1% in May, as expected in a Bloomberg poll, lifting the year-over-year rate to 2.3% from 2.2%, the Bureau of Economic Analysis said.

The University of Michigan consumer sentiment index was revised upward to a reading of 60.7 for June from the 60.5 print in the preliminary estimate, compared with expectations for no revision in a survey compiled by Bloomberg.

In corporate news, Affiliated Managers ( AMG ) shares were rising 2.4% after Goldman Sachs upgraded the company's stock to buy with a $218 price target.

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