Sector Update: Financial

BY MT Newswires | TREASURY | 11/10/25 03:46 PM EST

03:46 PM EST, 11/10/2025 (MT Newswires) -- Financial stocks were advancing in late Monday afternoon trading, with the NYSE Financial Index adding 0.6% and the Financial Select Sector SPDR Fund (XLF) up 0.5%.

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

Bitcoin (BTC-USD) was increasing 1.2% to $106,046, and the yield for 10-year US Treasuries rose 1.7 basis points to 4.11%.

In corporate news, Visa (V) and Mastercard (MA) said Monday they have agreed to a proposed settlement to resolve claims of anti-competitive practices in a class action lawsuit against the companies and other defendants. The proposed settlement includes a rollback and a five-year cap in swipe fees to deliver at least $29.79 billion in savings to US merchants over the next five years, according to Hilliard Shadowen, one of the law firms representing the plaintiffs. Visa shares were down 0.2%, and Mastercard (MA) shed 0.4%.

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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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