03:28 PM EDT, 03/25/2024 (MT Newswires) -- Financial stocks were slipping in late Monday afternoon trading, with the NYSE Financial Index decreasing 0.2% and the Financial Select Sector SPDR Fund (XLF) off 0.3%.

The Philadelphia Housing Index was shedding 0.3% and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.4%.

Bitcoin (BTC-USD) spiked 5.3% to $70,758, and the yield for 10-year US Treasuries was rising about 4 basis points to 4.25%.

In economic news, the Dallas Federal Reserve's monthly manufacturing index slid to minus 14.4 in March from minus 11.3 in February, compared with expectations of minus 11.5 in a survey compiled by Bloomberg.

US new-home sales decreased to a 662,000 annual rate in February from an upwardly revised 664,000 rate in January, versus the 675,000 rate expected in a survey compiled by Bloomberg.

In corporate news, TPG (TPG) will cut its China allocations from its eighth Asia buyout fund that will soon close at around $5 billion, Bloomberg reported. TPG shares were up fractionally.