Financial Select Sector SPDR Fund

Billionaire investor David Tepper sold his entire Oracle stake in Q3 and shifted investments into the financial sector, which Wall Street analysts expect to outperform despite recent underperformance.

Federal Reserve Chair Jerome Powell dampened expectations of a December interest rate cut, emphasizing uncertainty in economic data and divergent views within the FOMC. The Fed maintained its current rate stance while signaling caution about future monetary policy decisions.

State Street Corporation reported strong Q3 2025 financial results, with earnings per share of $2.78, exceeding expectations. The company achieved record assets under custody and administration of $51.7 trillion and assets under management of $5.4 trillion, driven by strong fee revenue growth and strategic partnerships.

State Street Global Advisors & Affiliates disclosed a purchase of 1,984 shares in Dalata Hotel Group plc, increasing their holding to 2,215,754 shares representing 1.04772% of the company's stock.

The article discusses the iShares U.S. Financial Services ETF (IYG), a passively managed exchange-traded fund that provides exposure to the Financials - Broad segment of the equity market. The ETF seeks to match the performance of the Dow Jones U.S. Financial Services Index and has an expense ratio of 0.40%.