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Sector Update: Financial Stocks Advance Late Afternoon
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Sector Update: Financial Stocks Advance Late Afternoon
Feb 25, 2025 1:02 PM

03:39 PM EST, 02/25/2025 (MT Newswires) -- Financial stocks were rising in late Tuesday afternoon trading, with the NYSE Financial Index adding 0.6% and the Financial Select Sector SPDR Fund (XLF) up 0.2%.

The Philadelphia Housing Index climbed 2.8%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 1.4%.

Bitcoin (BTC-USD) fell 6% to $88,613 and the yield for 10-year US Treasuries dropped 9.9 basis points to 4.29%.

In economic news, the Conference Board's measure of consumer confidence fell to 98.3 in February from 105.3 in January, a larger drop than the 102.5 expected in a survey compiled by Bloomberg.

In corporate news, PayPal ( PYPL ) set out 2027 targets that implied acceleration on the bottom line from its 2025 outlook, while announcing a new merchant platform that integrates with external partners. Its shares were down 1.3%.

American Express ( AXP ) cardholders can now link their cards to the Alipay digital wallet for payments at merchants in China, the companies said Tuesday. American Express ( AXP ) shares were 0.3% lower.

Goosehead Insurance ( GSHD ) shares jumped 18%, a day after it posted Q4 adjusted earnings and revenue above analysts' expectations.

Blue Owl Capital (OWL) is exploring a sale of a portion of a fund that owns minority stakes in Clearlake Capital Group, I Squared Capital and Golub Capital, Bloomberg reported. Blue Owl Capital shares were shedding 2%.

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