XLF is trading at $58.95, up 3.07%, as financials join a broad U.S. market rally following the election outcome. - Democrats won control of both chambers; investors appear to welcome the clearer political outcome and the prospect of legislative gridlock limiting major policy shifts and spending. - Major U.S. indexes were sharply higher, and lower Treasury yields supported bank stocks. The move appears election-driven rather than tied to a distinct company-specific catalyst.