Sector Update: Financial Stocks Advance Late Afternoon

03:58 PM EST, 11/10/2026 (MT Newswires) -- Financial stocks were higher in late Tuesday afternoon trading, with the NYSE Financial Index up 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.4%. The Philadelphia Housing Index shed 2.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 0.1%. Bitcoin (BTC-USD) was falling 2.4% to $73,481, and the yield for 10-year US Treasuries rose nearly 12 basis points to 4.983%. In economic news, the US seasonally adjusted consumer price index rose 0.4% in October, above expectations for a 0.3% increase and following a 0.6% gain in September, according to data released by the Bureau of Labor Statistics. Core CPI, which excludes food and energy prices, climbed up 0.3%, beating the 0.2% consensus but in line with September. The probability of the Federal Reserve raising the target range for the federal funds rate by 25 basis points to 4% to 4.25% in December climbed to 90% from 84% a day earlier and 77% a week earlier. The remaining probability implies a 50-basis-point rise, an outcome that was not priced in either a day or a week earlier. In corporate news, Stifel Financial (SF) said Tuesday it is collaborating with Anthropic to revamp its dashboard platform using Claude, aiming to modernize the workspace for financial advisors. Stifel shares were up 0.2%. Blackstone (BX), via its Singapore-based investment vehicle Ingot SG, is set to buy a 15.57% stake in IIFL Finance through a preferential issue of compulsorily convertible preference shares worth 5,000 crore Indian rupees ($532 million), IIFL Finance said Tuesday. Blackstone shares were down 1.2%. Diamondback Energy (FANG) and KKR (KKR) said Tuesday they agreed to acquire Five Point Infrastructure's 70% stake in Deep Blue Midland Basin, giving them full ownership of the water infrastructure business. KKR shares rose 2.8%. EToro (ETOR) shares fell past 6% after it reported lower Q3 adjusted earnings and revenue.