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Sector Update: Financial Stocks Advance
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Sector Update: Financial Stocks Advance
Nov 10, 2025 1:28 PM

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%.

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