03:51 PM EDT, 04/01/2024 (MT Newswires) -- Financial stocks were slipping in late Monday afternoon trading, with the NYSE Financial Index shedding 1% and the Financial Select Sector SPDR Fund (XLF) off 0.6%.

The Philadelphia Housing Index dropped 1.5% and the Real Estate Select Sector SPDR Fund (XLRE) fell 1.8%.

Bitcoin (BTC-USD) was shedding 2.3% to $69,383, and the yield for 10-year US Treasuries jumped 13.5 basis points to 4.33%.

In economic news, the Institute for Supply Management's US manufacturing index rose to 50.3 in March from 47.8 in February, compared with expectations for 48.4 in a survey compiled by Bloomberg. The S&P Global US manufacturing index for March was revised to 51.9 from the flash 52.5, compared with expectations for no revision in a survey compiled by Bloomberg.

US construction spending fell 0.3% in February, compared with a 0.7% increase expected in a survey compiled by Bloomberg and following a 0.2% decrease in January.

In corporate news, NewtekOne ( NEWT ) shares popped more than 4% after it said Monday that its subsidiary Newtek Bank closed $207.7 million worth of Small Business Association 7a loans in Q1, up 36.2% year on year.

Nuvei ( NVEI ) shares spiked 2.2% after the company said it has agreed to be taken private by Advent International via an all-cash deal valuing Nuvei ( NVEI ) at about $6.3 billion.

Mitsubishi UFJ Financial Group ( MUFG ) shares were falling 2.6% as it said Monday it has drawn up a new medium-term business plan that includes the financial target to increase return on equity to about 9% in fiscal year 2026.

AlTi Global ( ALTI ) rose 0.1% after it said Monday it will buy East End Advisors for an initial purchase price of about $76 million, plus an additional contingent consideration that will be payable over five years.