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Sector Update: Financial Stocks Mixed in Afternoon Trading
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Sector Update: Financial Stocks Mixed in Afternoon Trading
Sep 29, 2025 12:10 PM

01:48 PM EDT, 09/29/2025 (MT Newswires) -- Financial stocks were mixed in Monday afternoon trading, with the NYSE Financial Index down 0.1% and the Financial Select Sector SPDR Fund (XLF) adding 0.1%.

The Philadelphia Housing Index was increasing 0.1%, and the Real Estate Select Sector SPDR Fund (XLRE) eased 0.1%.

Bitcoin (BTC-USD) was rising 3% to $113,918, and the yield for 10-year US Treasuries was falling 5 basis points to 4.14%.

In economic news, pending home sales jumped 4% in August, according to the National Association of Realtors. A Bloomberg poll expected a flat reading.

In regulatory news, the US Securities and Exchange Commission should allow the market to "dictate the optimal reporting frequency" for companies to report their financial results, the Financial Times reported Monday, citing Chair Paul Atkins.

In corporate news, Blackstone (BX) has agreed to buy a 2 billion euro ($2.3 billion) portfolio of French warehouses from Proudreed, a private logistics real estate owner in France, Bloomberg reported. Blackstone shares were up 0.1%.

M&T Bank ( MTB ) shares were down 1.6%. The bank is offering limited positive catalysts in the near term amid lower rates, Morgan Stanley said in a note as it downgraded the stock to equal-weight from overweight.

Apollo Global Management ( APO ) shares eased 0.2%. The company said it has launched Apollo Sports Capital, a new investment business focused on global sports and live events. Separately, Apollo's acquisition of sole control of Kelvion Thermal Solutions has been approved by the European Commission.

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