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Sector Update: Financial Stocks Retreat Tuesday Afternoon
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Sector Update: Financial Stocks Retreat Tuesday Afternoon
Sep 30, 2025 11:29 AM

01:52 PM EDT, 09/30/2025 (MT Newswires) -- Financial stocks were decreasing in Tuesday afternoon trading, with the NYSE Financial Index dropping 1% and the Financial Select Sector SPDR Fund (XLF) falling 1.3%.

The Philadelphia Housing Index was shedding 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.3%.

Bitcoin (BTC-USD) was declining 0.6% to $113,211, and the yield for 10-year US Treasuries shed 1 basis point to 4.13%.

In economic news, a meeting between Republicans and Democrats on Monday yielded no progress on a spending bill to avert a partial government shutdown, which could begin as soon as Wednesday, news outlets reported.

US job openings rose to 7.227 million in August, beating expectations of 7.2 million and slightly above July's 7.208 million.

The Conference Board's consumer confidence index fell to 94.2 in September, below forecasts and its lowest since April 2025.

In corporate news, JPMorgan Chase ( JPM ) plans to offer an actively managed exchange-traded fund that will invest across debt markets and incorporate private credit assets, Bloomberg reported. JPMorgan ( JPM ) shares were down 0.9%.

Robinhood (HOOD) is considering expanding its prediction markets outside the US, Bloomberg reported, citing an interview with JB Mackenzie, the company's vice president and general manager of futures and international. Its shares climbed 2%.

Banco Bilbao Vizcaya Argentaria's ( BBVA ) improved takeover offer of 17.1 billion euros ($20 billion) was rejected by the Banco Sabadell board, Bloomberg reported. BBVA shares added 1%.

Ambac Financial ( AMBC ) shares tumbled 17% after the company said it completed the $420 million cash sale of its legacy financial guarantee businesses, Ambac Assurance and Ambac Assurance UK, to funds managed by Oaktree Capital Management.

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