Sector Update: Financial Stocks Mixed Late Afternoon

03:56 PM EST, 11/06/2025 (MT Newswires) -- Financial stocks were mixed in late Thursday afternoon trading with the NYSE Financial Index up 0.2% and the Financial Select Sector SPDR Fund (XLF) easing 0.4%.

The Philadelphia Housing Index shed 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) lost 0.2%.

Bitcoin (BTC-USD) fell 2.7% to $101,256, and the yield for 10-year US Treasuries dropped 6.6 basis points to 4.09%.

In economic news, outplacement firm Challenger, Gray & Christmas said that companies planned to cut 153,074 jobs in October, up from 54,064 in September and 55,597 a year earlier, marking the largest total for October since 2003.

Separately, small businesses reported that the level of worker shortages remained elevated in October, with a seasonally adjusted 32% of respondents in a National Federation of Independent Business survey having trouble hiring workers, the same as in the previous month.

In corporate news, UBS (UBS) told clients of its O'Connor unit that it is liquidating several invoice finance funds with substantial debt exposure to First Brands, the Financial Times reported. UBS shares fell 0.7%.

Charles Schwab (SCHW) agreed to buy Forge Global (FRGE) for $660 million. Charles Schwab (SCHW) shares rose 0.9%, and Forge Global (FRGE) surged 69%.

Brighthouse Financial (BHF) agreed to be acquired by an affiliate of Aquarian Capital for $70 per share, or $4.1 billion. Brighthouse shares jumped 27%.

Remitly Global (RELY) shares tumbled 25% after the company posted Q3 results, issued its Q4 outlook and updated full-year guidance.

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