01:56 PM EDT, 07/14/2025 (MT Newswires) -- Financial stocks were rising in Monday afternoon trading, with the NYSE Financial Index adding 0.6% and the Financial Select Sector SPDR Fund (XLF) 0.8% higher.

The Philadelphia Housing Index was down 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.5%.

Bitcoin (BTC-USD) was increasing 1.2% to $120,419, and the yield for 10-year US Treasuries was slightly higher at 4.43%.

In economic news, the EU warned of necessary "proportionate countermeasures" if efforts to reach an agreement with the White House fall through by Aug. 1. The statement was made on the same day that President Donald Trump announced a 30% tariff on EU goods, beginning Aug. 1. Mexico is also facing 30% punitive import duties from the US, while Canada has been told its exports to the US could expect a 35% levy.

In regulatory news, Federal Reserve Chair Jerome Powell has asked the central bank's inspector general to review its $2.5 billion headquarters renovation project, Axios reported Monday.

In corporate news, Veritex ( VBTX ) shares jumped past 19% after Huntington Bancshares ( HBAN ) agreed to buy the Dallas-based midsized community bank in an all-stock deal worth $1.9 billion. Huntington shares declined 1.9%.

ViacomCBS investors, who sued Morgan Stanley ( MS ) , Goldman Sachs ( GS ) and Wells Fargo ( WFC ) for dumping shares of the media company during the collapse of Archegos Capital Management, asked a New York state judge to approve a $120 million settlement with the banks, Bloomberg reported Monday. Morgan Stanley ( MS ), Goldman and Wells Fargo ( WFC ) shares were each adding 1%.

JPMorgan Chase ( JPM ) Chief Executive Jamie Dimon says the market could mirror the risks that led to the 2008 financial crisis, but he's investing billions of dollars into private credit, the Wall Street Journal reported Sunday, citing people who were present at an event in February, quoting Dimon. JPMorgan ( JPM ) shares were up 0.7%.