03:29 PM EDT, 06/03/2024 (MT Newswires) -- Financial stocks fell late Monday afternoon trading with the NYSE Financial Index shedding 0.5% and the Financial Select Sector SPDR Fund (XLF) slipping 0.8%.

The Philadelphia Housing Index dropped 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) lost 0.5%.

Bitcoin (BTC-USD) rose 2% to $69,090, and the yield for 10-year US Treasuries slumped 11 basis points to 4.40%.

In economic news, 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.

Separately, S&P Global said its US manufacturing purchasing managers index increased to 51.3 in May from 50 in April.

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 as of 7:55 am ET and an unrevised 0.2% decrease in March.

In corporate news, Abacus Life ( ABL ) shares rose 3.5% after the company signed a new national distribution deal with Aimcor.