01:30 PM EDT, 05/13/2024 (MT Newswires) -- Financial stocks were easing in Monday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both off 0.2% recently.

The Philadelphia Housing Index was shedding 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) was fractionally higher.

Bitcoin (BTC-USD) was increasing 2.1% to $62,748, and the yield for 10-year US Treasuries was dropping 3 basis points to 4.48%.

In economic news, consumer expectations for one-year US inflation growth increased to 3.3% in April after remaining at a 3% pace for four consecutive months, according to a New York Federal Reserve Bank survey. The median expectations slowed to a 2.8% gain from a 2.9% increase for the upcoming three years but rose to a 2.8% jump from a 2.6% advance for the five years ahead.

In corporate news, Nasdaq (NDAQ) is considering a sale of its Solovis business as part of an effort to streamline its portfolio, Bloomberg reported Monday. Nasdaq shares added 0.5%.