03:55 PM EDT, 07/14/2025 (MT Newswires) -- Financial stocks rose in late Monday afternoon trading with the NYSE Financial Index gaining 0.5% and the Financial Select Sector SPDR Fund (XLF) climbing 0.7%.

The Philadelphia Housing Index fell 0.6%, while the Real Estate Select Sector SPDR Fund (XLRE) advanced 0.6%.

Bitcoin (BTC-USD) rose 0.6% to $119,651, and the yield for 10-year US Treasuries was little changed at 4.427%.

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 may face a 35% levy.

In regulatory news, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corp. and the Federal Reserve Board issued a joint statement Monday aimed at providing clarity to banks engaged in crypto-asset-related activities. The statement outlined potential risk-management considerations for banks holding crypto-assets for their customers, and "reminds banks that provide or are considering providing safekeeping of such assets that they must do so in a safe and sound manner and in compliance with applicable laws and regulations," the agencies said.

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

In corporate news, Visa (V) and TikTok will collaborate to support small and medium-sized businesses across the United Arab Emirates. Visa shares added 0.8%.

Veritex ( VBTX ) shares jumped 19% after Huntington Bancshares ( HBAN ) agreed to buy the Dallas-based midsized community bank for $1.9 billion in stock. Huntington shares declined 2%.

ViacomCBS investors, who sued Morgan Stanley ( MS ) , Goldman Sachs ( GS ) and Wells Fargo ( WFC ) for unloading 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. Morgan Stanley ( MS ), Goldman and Wells Fargo ( WFC ) shares all rose 1%.

JPMorgan Chase ( JPM ) Chief Executive Officer Jamie Dimon said the market may 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 0.6%.