01:15 PM EST, 11/06/2025 (MT Newswires) -- Financial stocks were decreasing in Thursday afternoon trading, with the NYSE Financial Index easing 0.3% and the Financial Select Sector SPDR Fund (XLF) down 0.6%.

The Philadelphia Housing Index was shedding 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) was decreasing 0.2%.

Bitcoin (BTC-USD) was declining 2.4% to $101,421, and the yield for 10-year US Treasuries was dropping 7.4 basis points to 4.08%.

In economic news, outplacement firm Challenger, Gray & Christmas said Thursday that companies planned to cut 153,074 jobs in October, up from 54,064 in September and 55,597 a year ago, posting the largest total for October since 2003. The most cited reason for layoffs was cost-cutting, which accounted for 50,437 of the monthly total, followed by AI, which accounted for 31,039 layoff intentions.

In corporate news, Brighthouse Financial ( BHF ) has agreed to be acquired by an affiliate of Aquarian Capital for $70 per share in an all-cash deal valued at about $4.10 billion, the companies said Thursday. Brighthouse shares surged nearly 27%.