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Sector Update: Financial Stocks Decline in Afternoon Trading
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Sector Update: Financial Stocks Decline in Afternoon Trading
Sep 16, 2025 11:30 AM

02:05 PM EDT, 09/16/2025 (MT Newswires) -- Financial stocks fell in Tuesday afternoon trading with the NYSE Financial Index dropping 0.3% and the Financial Select Sector SPDR Fund (XLF) easing 0.2%.

The Philadelphia Housing Index declined 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.6%.

Bitcoin (BTC-USD) rose 1.5% to $116,519, and the yield for 10-year US Treasuries dropped 1 basis point to 4.03%.

In economic news, retail sales rose by 0.6% in August, above the 0.2% increase expected in a survey compiled by Bloomberg and following the previous month's 0.6% gain.

Industrial production rose by 0.1% in August, in contrast with a 0.1% drop expected in a survey compiled by Bloomberg and following a downwardly revised 0.4% decrease in July.

In corporate news, BlackRock ( BLK ) and Janus Henderson ( JHG ) were dropped as external managers of Dutch pension fund PFZW's list of external managers overseeing its credit portfolio, Bloomberg reported. BlackRock ( BLK ) shares eased 0.2%, and Janus dropped 1.5%.

Apollo Global Management ( APO ) is exploring a sale of AOL after receiving interest, The Wall Street Journal reported. A deal may value the internet brand at $1.5 billion, the report said. Apollo shares rose 0.8%.

FactSet Research Systems' ( FDS ) RMS Partners business was acquired by BlueMatrix. FactSet shares fell 0.4%.

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