03:28 PM EST, 11/11/2024 (MT Newswires) -- Financial stocks were rising in late Monday afternoon trading, with the NYSE Financial Index climbing 1.2% and the Financial Select Sector SPDR Fund (XLF) popping 1.4%.

The Philadelphia Housing Index was fractionally higher, and the Real Estate Select Sector SPDR Fund (XLRE) was shedding 0.8%.

Bitcoin (BTC-USD) jumped 8% to $86,983.

In economic news, official data are expected to show Wednesday that US consumer inflation rose 0.2% sequentially and 2.4% annually in October, according to a Bloomberg-compiled consensus.

In corporate news, large-cap banks in the US stand to benefit from a projected acceleration in capital markets activity under a Trump administration, with Goldman Sachs ( GS ) seen as the biggest beneficiary, Morgan Stanley said in a note emailed Monday. Goldman shares gained 2.3%.