01:27 PM EDT, 06/03/2024 (MT Newswires) -- Financial stocks fell in Monday afternoon trading with the NYSE Financial Index down 1% and the Financial Select Sector SPDR Fund (XLF) off 1.3%.

The Philadelphia Housing Index dropped 1.1%, and the Real Estate Select Sector SPDR Fund (XLRE) dropped 0.7%.

Bitcoin (BTC-USD) rose 2% to $69,109, and the yield for 10-year US Treasuries was slumped 11 basis points to 4.41%.

In economic news Monday, the Institute for Supply Management's US manufacturing index fell to 48.7 in May from 49.2 in April, compared with expectations for 49.6 in a survey compiled by Bloomberg.

US home prices cooled for the second consecutive month in April amid softening purchase demand and improving inventory deficits, a report by Intercontinental Exchange (ICE) showed. Annually, home price growth eased to 5.1% in April from a revised 5.7% the previous month and 6.1% in February, according to the report.

US construction spending fell 0.1% in April, compared with a 0.2% increase expected in a survey compiled by Bloomberg and an unrevised 0.2% decrease in March.

In corporate news, the European Commission is unlikely to seek feedback to remedies the European Energy Exchange submitted to address antitrust concerns on EEX's acquisition of Nasdaq's (NDAQ) European power trading and clearing business, signaling the remedies are insufficient, Reuters reported, citing people with direct knowledge of the matter. Nasdaq shares fell 0.8%.