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Sector Update: Financial
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Sector Update: Financial
Oct 7, 2025 10:44 AM

01:17 PM EDT, 10/07/2025 (MT Newswires) -- Financial stocks were mixed in afternoon trading with the NYSE Financial Index dropping 0.4% and the Financial Select Sector SPDR Fund (XLF) gaining 0.2%.

The Philadelphia Housing Index fell 2.7%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.2%.

Bitcoin (BTC-USD) declined 2.3% to $121,815, and the yield for 10-year US Treasuries dropped 4 basis points to 4.12%.

The US economy likely added 17,000 jobs in September, Carlyle's (CG) data showed, indicating a weaker-than-expected showing as the government shutdown delayed the official nonfarm payrolls report last week.

In corporate news, Great Elm Capital ( GECC ) expects a direct net asset value impact of about $16.5 million for the quarter ended Sept. 30 from its investments in First Brands, which filed for bankruptcy in September. Great Elm shares rose 0.7%.

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