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Sector Update: Financial Stocks Mixed in Late Afternoon
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Sector Update: Financial Stocks Mixed in Late Afternoon
Oct 7, 2025 1:15 PM

03:55 PM EDT, 10/07/2025 (MT Newswires) -- Financial stocks were mixed in late Tuesday afternoon trading with the NYSE Financial Index dropping 0.4% and the Financial Select Sector SPDR Fund (XLF) gaining 0.1%.

The Philadelphia Housing Index fell 3%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.4%.

Bitcoin (BTC-USD) declined 2.6% to $121,544, and the yield for 10-year US Treasuries dropped 4 basis points to 4.13%.

In economic news, the US economy likely added 17,000 jobs in September, Carlyle's (CG) data showed, indicating a weaker-than-expected showing as the government shutdown delayed the official nonfarm payrolls report last week.

In corporate news, Oportun Financial ( OPRT ) shares dropped 6.6% after JPMorgan ( JPM ) downgraded the stock to underweight from neutral and cut its price target to $6 from $8.

JPMorgan Chase ( JPM ) is leading a loan financing package worth $5 billion to back Qualtrics International's acquisition of Press Ganey Forsta, a health-care survey firm, Bloomberg reported. JPMorgan ( JPM ) shares fell 0.5%.

UBS (UBS) is exploring a significant risk transfer transaction tied to $1 billion in corporate loans, Bloomberg reported. UBS shares fell 0.3%.

Intercontinental Exchange ( ICE ) agreed to invest up to $2 billion in Polymarket. ICE shares rose 1.8%.

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