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Sector Update: Financial Stocks Decline in Afternoon Trading
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Sector Update: Financial Stocks Decline in Afternoon Trading
Nov 13, 2025 11:13 AM

01:52 PM EST, 11/13/2025 (MT Newswires) -- Financial stocks fell in Thursday afternoon trading with the NYSE Financial Index dropping 0.6% and the Financial Select Sector SPDR Fund (XLF) shedding 0.8%.

The Philadelphia Housing Index declined 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) lost 0.7%.

Bitcoin (BTC-USD) fell 2.9% to $98,589, and the yield for 10-year US Treasuries climbed 4.3 basis points to 4.11%.

In economic news, according to the Federal Reserve Bank of Cleveland's inflation nowcast, the core consumer price index, which excludes the more volatile food and energy prices, is forecast to have grown by an estimated 0.3% in October. In September, according to the US Bureau of Labor Statistics, the core CPI rose by 0.2%. October's CPI data from the BLS, scheduled for release on Thursday, is delayed, according to media reports.

In corporate news, Carlyle (CG) is exploring ways to acquire foreign assets from Lukoil, a major Russian oil company, Reuters reported. Carlyle shares fell 3.2%.

Spain's ACS is nearing a 23 billion-euro ($26.8 billion) partnership with BlackRock's ( BLK ) Global Infrastructure Partners to develop data centers, Reuters reported. BlackRock ( BLK ) shares were shedding 2.4%.

Blackstone (BX) said Thursday it will invest $1.2 billion to build a 600-megawatt power generation facility in Harrison County, West Virginia, through funds affiliated with Blackstone Energy Transition Partners. Blackstone shares were down 4%.

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