Sector Update: Financial Stocks Rise in Afternoon Trading

01:57 PM EST, 11/10/2025 (MT Newswires) -- Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index adding 0.5% and the Financial Select Sector SPDR Fund (XLF) up 0.4%.

The Philadelphia Housing Index was fractionally lower, and the Real Estate Select Sector SPDR Fund (XLRE) was shedding 0.2%.

Bitcoin (BTC-USD) was increasing 2% to $105,939, and the yield for 10-year US Treasuries was rising 1.7 basis points to 4.11%.

In economic news, expectations grew that the government shutdown was nearing its end. GOP leaders are trying to push a funding bill as quickly as possible after the Senate took a key step last night toward reopening the government, CNN reported. Senators need to agree on how long to debate before voting on the final bill.

In corporate news, TPG (TPG) shares rose 0.7% after Bloomberg reported the company is closing in on a deal to buy infrastructure services company Pike. The deal would value Pike at over $5 billion, including debt, the report said.

KKR (KKR) has agreed to sell aerospace and defense components maker Novaria to Arcline Investment Management for $2.2 billion, Reuters reported. KKR shares increased 0.1%.

Carlyle (CG) has acquired The Very Group, operator of digital retailers Very and Littlewoods, with international media group IMI continuing as a key stakeholder, The Very Group said. Carlyle shares rose 1.1%.

Tiptree (TIPT) shareholder Veradace Partners opposes the planned sale of Tiptree's (TIPT) US specialty insurer Fortegra to DB Insurance. The deal, at "an inadequate valuation," is structured to benefit Tiptree (TIPT) management at the expense of shareholders, Veradace said Monday in a letter to investors. Tiptree (TIPT) shares were up 4.2%.

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