Sector Update: Financial Stocks Gain Late Afternoon

03:55 PM EST, 12/11/2025 (MT Newswires) -- Financial stocks were advancing in late Thursday afternoon trading, with the NYSE Financial Index rising 1.7% and the State Street Financial Select Sector SPDR ETF (XLF) adding 1.9%.

The Philadelphia Housing Index increased 0.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.5%.

Bitcoin (BTC-USD) was decreasing 0.7% to $91,369, and the yield for 10-year US Treasuries fell 2 basis points to 4.14%.

In economic news, weekly applications for unemployment insurance in the US rose more than expected, while continuing claims fell to the lowest level since mid-April, government data showed Thursday. For the week ended Dec. 6, the seasonally adjusted number of initial claims climbed by 44,000 to 236,000, the Department of Labor said. The consensus was for a 220,000 print in a Bloomberg poll.

In corporate news, Visa (V) shares climbed 6.1% after BofA Securities upgraded the stock to buy from neutral.

Apollo Global Management (APO) is considering options for Invited, including a sale or an IPO that could value the membership club operator at over $3 billion, including debt, Reuters reported. Apollo shares added 1%.

Enova International (ENVA) shares jumped 11% after the company said it has agreed to buy Grasshopper Bancorp and its Grasshopper Bank unit in a cash-and-stock deal valued at about $369 million.

Robinhood (HOOD) shares fell 8.8% in recent Thursday trading, a day after it disclosed that its funded customers stood at 26.9 million at the end of November, a decrease of around 130,000 from the end of October.

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