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Sector Update: Financial
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Sector Update: Financial
Aug 6, 2025 10:33 AM

01:04 PM EDT, 08/06/2025 (MT Newswires) -- Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index rising 0.6% and the Financial Select Sector SPDR Fund (XLF) adding 0.4%.

The Philadelphia Housing Index was up 0.2%, while the Real Estate Select Sector SPDR Fund (XLRE) eased 0.2%.

Bitcoin (BTC-USD) was increasing 0.8% to $115,095, and the yield for 10-year US Treasuries rose 4 basis points to 4.23%.

In corporate news, Payoneer Global ( PAYO ) provided an upbeat full-year revenue outlook Wednesday amid easing tariff concerns, while the digital payments company reported mixed Q2 results. Its shares jumped 13%.

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