01:53 PM EDT, 10/20/2025 (MT Newswires) -- Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index up 1% and the Financial Select Sector SPDR Fund (XLF) rising 1.2%.

The Philadelphia Housing Index and the Real Estate Select Sector SPDR Fund (XLRE) each added 0.7%.

Bitcoin (BTC-USD) was increasing 1.1% to $110,394, and the yield for 10-year US Treasuries was shedding 1.6 basis point to 3.99%.

In economic news, the partial US federal government shutdown entered its 20th day on Monday, making it the third-longest shutdown in the country's history, according to media reports. The shutdown "is likely to end sometime this week" as "moderate" Democrats come together to strike a deal, Kevin Hassett, National Economic Council director, told CNBC.

In corporate news, HBT Financial ( HBT ) and CNB Bank Shares said Monday that they have agreed to a $170.2 million cash-and-stock merger expected to close in Q1 2026. HBT shares jumped past 3%.

KKR (KKR) is launching a marine container leasing platform called Galaxy Container Solutions with $500 million in capital already committed from its asset-based finance strategy, Bloomberg reported. KKR shares rose 2%.

Progressive's (PGR) September results have likely eroded the optimistic outlook for its stock, Morgan Stanley said in a Monday note. Morgan Stanley downgraded the stock to underweight from equal-weight, and slashed the price target to $214 from $265. Progressive shares fell 2.6%.