01:34 PM EDT, 04/01/2024 (MT Newswires) -- Financial stocks were declining in Monday afternoon trading, with the NYSE Financial Index falling 0.9% and the Financial Select Sector SPDR Fund (XLF) off 0.7%.

The Philadelphia Housing Index was down 1.4% and the Real Estate Select Sector SPDR Fund (XLRE) fell 1.8%.

Bitcoin (BTC-USD) dropped 4% to $68,383, and the yield for 10-year US Treasuries jumped 12 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, Nuvei ( NVEI ) shares rose 1.9% 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.