Shares of financial services companies are trading higher as Treasury yields decline following midterm election results that saw Democrats win control of both chambers of Congress. Declining yields are easing concerns over financing costs and supporting expectations for improved capital markets activity, dealmaking and consumer spending, boosting investor sentiment across the sector.

Shares of financial services companies are trading higher as Treasury yields decline following midterm election results that saw Democrats win control of both chambers of Congress. Declining yields are easing concerns over financing costs and supporting expectations for improved capital markets activity, dealmaking and consumer spending, boosting investor sentiment across the sector.