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Sector Update: Financial Stocks Rise Late Afternoon

BY MT Newswires | TREASURY | 10/27/25 03:54 PM EDT

03:54 PM EDT, 10/27/2025 (MT Newswires) -- Financial stocks advanced in late Monday afternoon trading with the NYSE Financial Index adding 0.4% and the Financial Select Sector SPDR Fund (XLF) gaining 0.5%.

The Philadelphia Housing Index rose 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) increased 0.1%.

Bitcoin (BTC-USD) gained 0.5% to $115,095, and the yield for 10-year US Treasuries was little changed at 4%.

In economic news, US President Donald Trump and Chinese President Xi Jinping will meet on Thursday to finalize a potential trade deal framework. Both nations made progress in Malaysia, with China agreeing to ease rare earth export limits and buy large volumes of US soybeans in return for tariff relief. China's top negotiator, Li Chenggang, said that both sides had reached a preliminary consensus and would proceed with internal approvals before the leaders' meeting.

The Fed's monetary policy committee is scheduled to meet Tuesday, with a decision on interest rates due Wednesday. Markets widely expect the central bank to lower its benchmark lending rate by 25 basis points, matching last month's cut, according to the CME FedWatch tool.

In corporate news, Forge Global (FRGE) is exploring a potential sale and is expected to garner interest from rival secondary marketplaces and large financial institutions, including Morgan Stanley (MS), the report said. Forge Global (FRGE) shares jumped 12%.

KKR (KKR) is in talks with Coca-Cola (KO) to buy its Costa Coffee business, Sky News reported. KKR resumed discussions after stepping away from the bidding process in August, the report said. KKR shares rose 1%.

Huntington Bancshares (HBAN) agreed to buy Cadence Bank (CADE) for $7.4 billion in stock. Huntington shares fell 2.6%, and Cadence climbed 4.6%.

Bank of Hawaii's (BOH) Q3 earnings and revenue rose, while the lender said its credit quality remained strong. The stock added 0.8%.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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