Sector Update: Financial Stocks Advance Tuesday Afternoon

01:41 PM EST, 11/10/2026 (MT Newswires) -- Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index up 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.5%. The Philadelphia Housing Index was falling 2.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 0.1%. Bitcoin (BTC-USD) was falling 2.8% to $73,223, and the yield for 10-year US Treasuries was rising 14 basis points to 5.01%. 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 grew to 87% 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, Goldman Sachs (GS), Citigroup (C), Santander (SAN) and Deutsche Bank (DB) are among a group of financial firms that have committed about $270 million to a joint stablecoin venture, Bloomberg reported. Goldman shares were down 0.4%, Citi eased 0.1%, Santander rose 0.2%, and Deutsche added 0.9%. 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 1.1%. EToro (ETOR) shares fell past 6% after it reported lower Q3 adjusted earnings and revenue.