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Sector Update: Financial Stocks Decline Late Afternoon
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Sector Update: Financial Stocks Decline Late Afternoon
Oct 6, 2025 1:35 PM

03:58 PM EDT, 10/06/2025 (MT Newswires) -- Financial stocks fell in late Monday afternoon trading with the NYSE Financial Index dropping 0.3% and the Financial Select Sector SPDR Fund (XLF) easing 0.1%.

The Philadelphia Housing Index declined 1.4%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.9%.

Bitcoin (BTC-USD) rose 1.9% to $125,738, and the yield for 10-year US Treasuries gained 4 basis points to 4.16%.

The partial federal government shutdown, which began last week after lawmakers disagreed on a key spending bill, entered its sixth day on Monday. The closure delayed the September jobs report that was scheduled for Friday. This week, trade and jobless claims are among the data that may not be released.

In corporate news, Carlyle (CG) is close to acquiring BASF's coatings business for 7 billion euros ($8.17 billion), the Financial Times reported. Carlyle shares fell 0.3%.

Fifth Third Bancorp ( FITB ) agreed to buy regional lender Comerica ( CMA ) for $10.9 billion in stock. Comerica ( CMA ) shares jumped 14%, and Fifth Third fell 1.4%.

Jefferies Financial Group ( JEF ) is planning to enter India's asset management sector, Bloomberg reported. Jefferies shares dropped 1.8%.

Banco Bilbao Vizcaya Argentaria ( BBVA ) said that it has filed a complaint against rival Sabadell with Spain's National Securities Market Commission, accusing it of trying to obstruct the 17 billion euro ($19.83 billion) takeover proposal. BBVA shares declined 2.6%.

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