03:29 PM EST, 11/24/2025 (MT Newswires) -- Financial stocks were advancing in late Monday afternoon trading, with the NYSE Financial Index up 0.3% and the Financial Select Sector SPDR Fund (XLF) adding 0.4%.

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

Bitcoin (BTC-USD) was increasing 1.2% to $88,658, and the yield for 10-year US Treasuries shed 2.5 basis points to 4.04%.

In sector news, hedge fund Pershing Square, run by Bill Ackman, is exploring an IPO as early as Q1, the Financial Times reported.

In corporate news, Mastercard ( MA ) said Monday it partnered with L'Oreal to launch the L'Oreal Mastercard BusinessCard in Mexico, a credit card designed specifically for beauty professionals. Mastercard ( MA ) shares were down 0.5%.