Sector Update: Financial Stocks Advance Thursday Afternoon

01:57 PM EDT, 10/30/2025 (MT Newswires) -- Financial stocks were higher in Thursday afternoon trading, with the NYSE Financial Index up 0.6% and the Financial Select Sector SPDR Fund (XLF) rising 0.9%.

The Philadelphia Housing Index was up 0.45%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 0.7%.

Bitcoin (BTC-USD) was declining 3.8% to $107,439, and the yield for 10-year US Treasuries was rising 3.1 basis points to 4.09%.

In trade news, US President Donald Trump reportedly said he has agreed to lower tariffs on China to 47% from 57% after concluding trade talks with Chinese President Xi Jinping in South Korea. Trump said the US reached a one-year trade agreement with China that will be routinely extended, news outlets reported. China agreed to resume purchases of US soybeans, keep rare earths exports flowing, and crack down on the illicit trade of fentanyl, Reuters reported.

In corporate news, Mastercard's (MA) Q3 results came in stronger than Wall Street's expectations as cross-border volume surged amid resilient consumer and business spending. Its shares were fractionally higher.

LendingTree (TREE) shares climbed 5.4% after it reported higher Q3 adjusted earnings and revenue that also beat analysts' estimates.

First Mid Bancshares (FMBH) has agreed to buy Two Rivers Financial Group in an all-stock deal valued at about $94.1 million, the companies said Thursday. First Mid shares declined 3.4%.

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