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Sector Update: Financial Stocks Decline Late Afternoon
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Sector Update: Financial Stocks Decline Late Afternoon
Sep 16, 2025 1:31 PM

03:59 PM EDT, 09/16/2025 (MT Newswires) -- Financial stocks fell in late Tuesday afternoon trading, with the NYSE Financial Index down 0.3% and the Financial Select Sector SPDR Fund (XLF) shedding 0.4%.

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

Bitcoin (BTC-USD) rose 1% to $116,530, and the yield for 10-year US Treasuries eased 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, JPMorgan Chase ( JPM ) and Nomura (NMR) are among the banks leading a package to provide a 500 million euro ($588 million) loan for Ontario Teachers' Pension Plan's planned acquisition of Donte, Bloomberg reported. JPMorgan ( JPM ) and Nomura shares were each fractionally higher.

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 were up 0.4%, and Janus dropped 1.1%.

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 1.2%.

FactSet Research Systems' ( FDS ) RMS Partners business was acquired by BlueMatrix. FactSet shares increased 0.2%.

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