03:22 PM EDT, 08/05/2024 (MT Newswires) -- Financial stocks were in the red in late Monday afternoon trading, with the NYSE Financial Index falling 2.6% and the Financial Select Sector SPDR Fund (XLF) dropping 2.9%.

The Philadelphia Housing Index fell 3%, and the Real Estate Select Sector SPDR Fund (XLRE) slumped 2.3%.

Bitcoin (BTC-USD) tumbled 9.2% to $52,784, and the yield for 10-year US Treasuries was little changed at 3.79%.

In economic news, two surveys released Monday painted a mixed picture of the US services sector for July, with the Institute for Supply Management's data showing that activity expanded more than expected, while S&P Global (SPGI) indicated a slight deceleration in growth.

In corporate news, Prudential Financial ( PRU ) plans to issue up to $3 billion worth of debt to raise funds for general corporate purposes, according to a regulatory filing Monday. Its shares were falling 4.5%.