01:40 PM EDT, 10/13/2025 (MT Newswires) -- Financial stocks were higher in Monday afternoon trading, with the NYSE Financial Index rising 1.1% and the Financial Select Sector SPDR Fund (XLF) up 1%.

The Philadelphia Housing Index increased marginally, and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.3%.

Bitcoin (BTC-USD) was declining 0.2% to $114,852, and the yield for 10-year US Treasuries was down 8.9 basis points to 4.06%.

In economic news, President Donald Trump has softened his tone against China. "Don't worry about China, it will all be fine!" Trump said in a Truth Social post on Sunday, after threatening on Friday a 100% tariff on all Chinese imports starting Nov. 1 and potentially canceling a meeting with Chinese President Xi Jinping in South Korea, following Beijing's reported decision to impose new export controls on rare earth minerals.

In corporate news, JPMorgan Chase ( JPM ) announced a $1.5 trillion plan on Monday to finance and invest in industries "critical" to national economic security, including minerals and frontier technologies. Its shares rose 2.3%.

Bloom Energy (BE) has announced a $5 billion partnership with Brookfield Asset Management ( BAM ) to deploy its fuel cell technology in building AI infrastructure. Brookfield shares climbed 3.7%.

LendingTree ( TREE ) shares were down 2.6% after the company said Monday its board has appointed Scott Peyree as chief executive after the company's Chair and CEO Doug Lebda passed away on Sunday in an all-terrain vehicle accident.

Bank of America ( BAC ) is planning a significant risk transfer associated with a $3 billion portfolio of loans to private market funds, Bloomberg reported. Bank of America ( BAC ) shares added 0.8%.