03:29 PM EDT, 04/01/2024 (MT Newswires) -- Financial stocks were retreating in late Monday afternoon trading, with the NYSE Financial Index shedding 0.9% and the Financial Select Sector SPDR Fund (XLF) off 0.7%.

The Philadelphia Housing Index dropped 1.4% and the Real Estate Select Sector SPDR Fund (XLRE) fell 1.6%.

Bitcoin (BTC-USD) was shedding 2.1% to $69,548, and the yield for 10-year US Treasuries jumped 13.3 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 3.5% 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.