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Sector Update: Financial
Sep 29, 2025 1:05 PM

03:37 PM EDT, 09/29/2025 (MT Newswires) -- Financial stocks were mixed in late Monday afternoon trading, with the NYSE Financial Index down 0.1% and the Financial Select Sector SPDR Fund (XLF) adding 0.3%.

The Philadelphia Housing Index was increasing 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.2%.

Bitcoin (BTC-USD) was rising 1.7% to $114,092, and the yield for 10-year US Treasuries fell 5 basis points to 4.14%.

In economic news, pending home sales jumped 4% in August, according to the National Association of Realtors. A Bloomberg poll expected a flat reading.

In corporate news, Bank of N.T. Butterfield & Son ( NTB ) shares were down 3.1% after Wells Fargo downgraded the company's stock to equalweight from overweight and lowered its price target to $50 from $54.

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