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Sector Update: Financial
Aug 29, 2025 12:43 PM

03:18 PM EDT, 08/29/2025 (MT Newswires) -- Financial stocks were advancing in late Friday afternoon trading, with the NYSE Financial Index up 0.2% and the Financial Select Sector SPDR Fund (XLF) ahead 0.3%.

The Philadelphia Housing Index was down 0.4%, and the Real Estate Select Sector SPDR Fund (XLRE) added 0.3%.

Bitcoin (BTC-USD) was declining 3.7% to $108,424, and the yield for 10-year US Treasuries rose 2 basis points to 4.23%.

In corporate news, Robinhood (HOOD) is facing revival of an investor lawsuit over alleged omissions in its July 2021 IPO registration statement, a federal appellate court said Friday. Robinhood shares were fractionally higher.

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