03:29 PM EDT, 07/29/2024 (MT Newswires) -- Financial stocks were edging lower in late Monday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each easing 0.1%

The Philadelphia Housing Index gained 0.6%, and the Real Estate Select Sector SPDR Fund (XLRE) added 0.5%.

Bitcoin (BTC-USD) was shedding 1.1% to $67,470, and the yield for 10-year US Treasuries declined 2 basis points to 4.18%.

In economic news, the Dallas Fed's monthly manufacturing index fell to minus 17.5 in July from minus 15.1 in June, compared with expectations for minus 15.5 in a survey compiled by Bloomberg.

In corporate news, Charles Schwab ( SCHW ) shares slumped nearly 2% after Piper Sandler downgraded the company's stock to neutral from overweight and cut its price target to $64 from $80.