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Sector Update: Financial
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Sector Update: Financial
Sep 9, 2025 12:52 PM

03:38 PM EDT, 09/09/2025 (MT Newswires) -- Financial stocks were rising in late Tuesday afternoon trading, with the NYSE Financial Index up 0.3% and the Financial Select Sector SPDR Fund (XLF) ahead 0.5%.

The Philadelphia Housing Index was falling 3%, and the Real Estate Select Sector SPDR Fund (XLRE) was shedding 0.3%.

Bitcoin (BTC-USD) was declining 0.7% to $111,235, and the yield for 10-year US Treasuries rose 3 basis points to 4.07%.

In economic news, the Bureau of Labor Statistics' preliminary estimate of its benchmark revision to nonfarm payrolls is for a downward revision of 911,000 jobs, or 0.6% of total employment, the BLS said Tuesday. The BLS said the absolute average revision over the last 10 years is 0.2%. The final annual revision will be incorporated into payrolls in February 2026 with the release of data for January.

In corporate news, Blue Owl Capital-owned (OWL) Stack Infrastructure is considering a potential debt financing deal of up to 600 million euros ($702 million) linked to its data centers in Milan, Italy, Bloomberg reported. Blue Owl shares were down 1.2%.

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