03:52 PM EDT, 08/25/2025 (MT Newswires) -- Financial stocks fell in late Monday afternoon trading, with the NYSE Financial Index dropping 0.6% and the Financial Select Sector SPDR Fund (XLF) shedding 0.5%.

The Philadelphia Housing Index declined 0.9%, and the Real Estate Select Sector SPDR Fund (XLRE) lost 0.4%.

Bitcoin (BTC-USD) fell1.3% to $111,974, and the yield for 10-year US Treasuries rose 2 basis points to 4.28%.

In economic news, single-family home sales in July slid 0.6% sequentially to a seasonally adjusted annual rate of 652,000 units, according to the Census Bureau and the Department of Housing and Urban Development. The consensus of analysts surveyed by Bloomberg was for a 0.5% gain versus June's unrevised figure.

The Dallas Federal Reserve's monthly manufacturing index fell to a reading of minus 1.8 in August from 0.9 in July, compared with expectations for a reading of minus 1.7 in a survey compiled by Bloomberg.

In corporate news, Webull ( BULL ) relaunched cryptocurrency trading for US residents directly through its app. Webull ( BULL ) shares fell 2.3%.

TPG (TPG) is working with financial advisers to explore a potential sale of XCL Education, Bloomberg reported. A potential deal may value Singapore-based XCL at up to $1.5 billion, the report said. TPG shares were shedding 0.9%.

Coinbase (COIN) and Robinhood (HOOD) shares fell 3.7% and 1% after Reuters reported that global stock exchanges are pushing regulators to crack down on tokenized stocks. The World Federation of Exchanges, in letters addressed to the US Securities and Exchange Commission's Crypto Task Force, the European Securities and Markets Authority, and IOSCO's Fintech Task Force, said it was concerned that tokens "mimic" equities without providing the same rights or safeguards, Reuters reported, citing a confidential letter.

Prudential's (PUK) move to pare its stake in Asian unit Eastspring Investments, exploring options such as a partial sale or partnership, has stalled due to concerns over valuation and deal structure, Bloomberg reported. Prudential shares were down 1%.