03:29 PM EDT, 05/13/2024 (MT Newswires) -- Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund (XLF) shedding 0.2%.

The Philadelphia Housing Index was down 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) added 0.1%.

Bitcoin (BTC-USD) gained 2.4% to $62,953, and the yield for 10-year US Treasuries was down 2 basis points at 4.48%.

In economic news, consumer expectations for one-year US inflation growth rose to 3.3% in April after remaining at a 3% pace for four straight months, according to a New York Federal Reserve Bank survey. The median expectations slowed to a 2.8% gain from a 2.9% rise 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, MoneyHero ( MNY ) shares popped 7% as it said Monday it appointed Hao Qian as its permanent chief financial officer. Qian previously held senior finance positions at Alibaba (BABA), including as CFO of Alibaba's Lazada unit across various markets.