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Sector Update: Financial Stocks Advance

BY MT Newswires | TREASURY | 11/10/25 04:01 PM EST

04:01 PM EST, 11/10/2025 (MT Newswires) -- Financial stocks advanced Monday with the NYSE Financial Index adding 0.6% and the Financial Select Sector SPDR Fund (XLF) climbing 0.3%.

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

Bitcoin (BTC-USD) increased 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 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 $29.8 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 fell 0.3%, and Mastercard (MA) edged up 0.1%.

Carlyle (CG) acquired The Very Group, operator of digital retailers Very and Littlewoods, with international media group IMI continuing as a key stakeholder. Carlyle shares rose 0.6%.

KKR (KKR) agreed to sell aerospace and defense components maker Novaria to Arcline Investment Management for $2.2 billion. KKR shares fell 0.7%.

TPG (TPG) is closing in on a deal to buy infrastructure services company Pike. Bloomberg reported. The deal would value Pike at over $5 billion, including debt, the report said. TPG shares fell 0.1%.

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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