01:33 PM EDT, 06/17/2024 (MT Newswires) -- Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 0.2% and the Financial Select Sector SPDR Fund (XLF) ahead 0.4%.

The Philadelphia Housing Index was up 0.4%, while the Real Estate Select Sector SPDR Fund (XLRE) was shedding 0.7%.

Bitcoin (BTC-USD) was declining 1% to $65,996, and the yield for 10-year US Treasuries was rising 6 basis points to 4.28%.

In corporate news, UBS (UBS) is being sued by Russian-Uzbek billionaire Alisher Usmanov in Germany over alleged reports made by the bank about Usmanov's deals that resulted in an investigation of him by German authorities. UBS was up 2.1%.