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Sector Update: Financial Stocks Mixed Late Afternoon
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Sector Update: Financial Stocks Mixed Late Afternoon
Jun 20, 2025 1:04 PM

03:51 PM EDT, 06/20/2025 (MT Newswires) -- Financial stocks were mixed in late Friday afternoon trading with the NYSE Financial Index little changed, erasing earlier gains, and the Financial Select Sector SPDR Fund (XLF) up 0.2%.

The Philadelphia Housing Index added 1.1%, and the Real Estate Select Sector SPDR Fund (XLRE) was little changed.

Bitcoin (BTC-USD) declined 1.4% to $103,256, and the yield for 10-year US Treasuries decreased 2.2 basis points to 4.375%.

President Donald Trump will decide on a potential military action against Iran within the next two weeks, White House Press Secretary Karoline Leavitt said Thursday, according to media reports. The decision will depend on the "substantial chance of negotiations that may or may not take place," Leavitt said.

In economic news, the Conference Board's measure of leading indicators fell 0.1% in May, as expected in a Bloomberg survey and following a 1.4% decrease in April.

The Philadelphia Federal Reserve's monthly manufacturing index was unchanged in June from minus 4 in May, compared with expectations for an improvement to minus 1.5 in a survey compiled by Bloomberg.

In corporate news, Aflac ( AFL ) detected a cybersecurity incident on its US network and stopped the intrusion "within hours." Business remained operational and systems were unaffected by ransomware, while certain files may have been affected, the company said. Aflac ( AFL ) shares rose 0.3%.

Apollo Global Management ( APO ) signed an agreement with Electricite de France to buy up to 4.5 billion pounds ($6.1 billion) of bonds through a private placement, helping the utility company finance its UK investments over the next three years, particularly the Hinkley Point C project, EDF said. Apollo shares rose 1.4%.

Coinbase (COIN) shares rose 2.7% after the company secured the Markets in Crypto Assets license from Luxembourg's financial regulatory authority.

Accenture ( ACN ) lifted its full-year earnings outlook and reported fiscal Q3 results above market expectations, but the consulting firm's bookings declined. The shares fell 6.7%.

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