03:22 PM EDT, 09/16/2024 (MT Newswires) -- Financial stocks advanced in late Monday afternoon trading with the NYSE Financial Index rising 1% and the Financial Select Sector SPDR Fund (XLF) up 1.2%.

The Philadelphia Housing Index added 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) advanced 0.4%.

Bitcoin (BTC-USD) fell 2.2% to $57,942, and the yield for 10-year US Treasuries dropped 2.9 basis points to 3.621%.

In economic news, the New York Federal Reserve's Empire State manufacturing index jumped to 11.5 in September from minus 4.7 in August, compared with an improvement to minus 4 expected in a survey compiled by Bloomberg.

In corporate news, Wells Fargo ( WFC ) and Volkswagen Financial Services said the bank will be the preferred purchase financing provider for Volkswagen, Audi, and Ducati brands in the US market. Wells Fargo ( WFC ) shares climbed 2.1%.