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Sector Update: Financial Stocks Rise Late Afternoon
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Sector Update: Financial Stocks Rise Late Afternoon
Nov 25, 2025 1:21 PM

03:55 PM EST, 11/25/2025 (MT Newswires) -- Financial stocks advanced in Tuesday afternoon trading with the NYSE Financial Index rising 1.3% and the Financial Select Sector SPDR Fund (XLF) adding 1.2%.

The Philadelphia Housing Index jumped 3.7%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 1%.

Bitcoin (BTC-USD) fell 1.3% to $87,115, and the yield for 10-year US Treasuries dropped 4 basis points to 4%.

In economic news, the Conference Board's measure of consumer confidence declined to 88.7 in November from 95.5 in October, compared with 93.3 expected in a survey compiled by Bloomberg.

The US Census Bureau released a delayed retail sales report, showing sales rose by 0.2% in September, down from a revised 0.6% gain in August and trailing the consensus for a 0.4% gain.

White House National Economic Council Director Kevin Hassett is seen by President Donald Trump's advisers as the frontrunner to be the next Federal Reserve chair, Bloomberg reported.

In corporate news, Coinbase (COIN) shares fell 1.1% after Argus downgraded the stock to hold from buy.

BlackRock ( BLK ) is looking to boost its investments in the Middle East over the next few years, particularly in Saudi Arabia, Bloomberg reported. BlackRock ( BLK ) shares rose 1.2%.

A KKR-led (KKR) consortium sold its stake in a Hyatt Regency hotel in Tokyo for more than $800 million to an unidentified buyer, The Wall Street Journal reported. KKR shares added 2.2%.

Deutsche Bank ( DB ) is under European Central Bank review over allegations it understated risks and overstated financial strength, the Financial Times reported. Deutsche Bank ( DB ) shares rose 2.6%.

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