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Sector Update: Financial

Sector Update: Financial

MT newswireMT newswire2026/09/25 17:36
01:36 PM EDT, 09/25/2026 (MT Newswires) -- Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.5%. The Philadelphia Housing Index was adding 1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.3%. Bitcoin (BTC-USD) was declining 0.8% to $83,746, and the yield for 10-year US Treasuries was increasing 3.8 basis points to 5.2%. In corporate news, Blue Owl Capital's (OWL) Stack Infrastructure unit faces a one-year delay to its Jupiter data center project in New Mexico, Reuters reported Friday, citing an unnamed person familiar with the matter. Media outlets reported Thursday that Oracle (ORCL) issued a force majeure notice to Stack, seeking to defer payments if the project is delayed and does not begin operating in 2028 as planned. Blue Owl shares were up 0.3%.
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US manufacturing expands for nine consecutive months! ISM PMI in September slightly drops to 54.5; new orders increase but cost pressures heat up again