03:22 PM EDT, 04/15/2024 (MT Newswires) -- Financial stocks fell in late Monday afternoon trading with the NYSE Financial Index decreasing 0.9% and the Financial Select Sector SPDR Fund (XLF) off 0.7%.

The Philadelphia Housing Index retreated 1.8%, and the Real Estate Select Sector SPDR Fund (XLRE) declined 2.3%.

Bitcoin (BTC-USD) fell 4.2% to $63,042, and the yield for 10-year US Treasuries jumped 13 basis points to 4.63%.

In economic news, US retail sales last month rose more than expected on a sequential basis as spending at gasoline stations and miscellaneous stores rebounded, Census Bureau data showed. Sales increased 0.7% in March following February's upwardly revised 0.9% gain. Analysts were modeling for a 0.4% increase, according to a consensus survey compiled by Bloomberg.

In corporate news, M&T Bank ( MTB ) lifted its net interest income outlook for the full year in anticipation of the Federal Reserve executing fewer interest rate cuts, while the lender's Q1 results declined from a year earlier. Its shares jumped 4%.