Sector Update: Financial Stocks Rise in Late Afternoon Trading

03:56 PM EST, 12/15/2025 (MT Newswires) -- Financial stocks were advancing in late Monday afternoon trading, with the NYSE Financial Index increasing 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.1%.

The Philadelphia Housing Index added 0.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.3%.

Bitcoin (BTC-USD) was falling 3.1% to $85,880, and the yield for 10-year US Treasuries decreased 1.4 basis points to 4.18%.

In economic news, the National Association of Home Builders' monthly housing market index rose to 39 in December from 38 in November, in line with a Bloomberg survey and a third straight monthly gain.

In corporate news, JPMorgan Chase (JPM) financed a $7.4 billion deal to help Korea Zinc build a smelter in Tennessee, The Wall Street Journal reported. The US government and outside investors agreed to provide about $2.2 billion of equity capital for the project, and sources said JPMorgan (JPM) and the US government will fund the remainder of the project costs through debt financing, according to the report. JPMorgan (JPM) shares were up 0.6%.

Carlyle (CG) is set to buy Hogy Medical, a Japanese maker of surgical kits, for $1 billion through a tender offer, Nikkei Asia reported. Carlyle plans to take the company private and to boost Hogy Medical by overhauling its marketing operations and supporting the development of new products, the report said. Carlyle shares were down 1.2%.

Cencora (COR) said Monday that it agreed to acquire majority of the stake it doesn't already own in oncology practice network OneOncology from alternative asset management firm TPG (TPG) and other shareholders, in a deal worth about $5 billion in cash. TPG shares were shedding 0.1%.

BlackRock (BLK) lost a 5 billion euro ($5.87 billion) equity mandate with Dutch pension fund PME after an assessment that the US asset manager does not align with its vision on issues like climate risk, Bloomberg reported, citing the Dutch pension fund. The equity portfolio will go to UBS (UBS) and Hague-based MN, the pension fund told Bloomberg in an email. BlackRock (BLK) shares were decreasing 0.4%, and UBS was down 1.1%.

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