Sector Update: Financial

MT Newswires Live

Aug 29

Financial stocks edged higher in Thursday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each up 0.1%.

The Philadelphia Housing Index fell 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) dropped 0.6%.

Bitcoin (BTC-USD) gained 1.1% to $112,516, and the yield for 10-year US Treasuries was dropping 3 basis points to 4.21%.

In corporate news, Gryphon Digital Mining (GRYP) is nearing the completion of its merger with American Bitcoin, with the combined company aiming to begin Nasdaq trading in early September under the ticker ABTC, Reuters reported, citing Hut 8 (HUT) Chief Executive Officer Asher Genoot, whose company holds an 80% stake in American Bitcoin. Gryphon shares jumped 20%, and Hut 8 gained 0.5%.

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Gryphon shares jumped 20%, and Hut 8 gained 0.5%.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sector Update: Financial</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSector Update: Financial\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-08-29 01:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Financial stocks edged higher in Thursday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each up 0.1%.</p><p>The Philadelphia Housing Index fell 0.7%, and the <a href=\"https://laohu8.com/S/XLRE\">Real Estate Select Sector SPDR Fund</a> (XLRE) dropped 0.6%.</p><p>Bitcoin (BTC-USD) gained 1.1% to $112,516, and the yield for 10-year US Treasuries was dropping 3 basis points to 4.21%.</p><p>In corporate news, <a href=\"https://laohu8.com/S/GRYP\">Gryphon Digital Mining</a> (GRYP) is nearing the completion of its merger with American Bitcoin, with the combined company aiming to begin Nasdaq trading in early September under the ticker ABTC, Reuters reported, citing <a href=\"https://laohu8.com/S/HUT\">Hut 8</a> (HUT) Chief Executive Officer Asher Genoot, whose company holds an 80% stake in American Bitcoin. Gryphon shares jumped 20%, and Hut 8 gained 0.5%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4600","symbol_name":"加密货币概念","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2563050545","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2563050545","pubTimestamp":1756402688,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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