03:14 PM EST, 11/25/2024 (MT Newswires) -- Financial stocks were advancing in late Monday afternoon trading, with the NYSE Financial Index rising 0.8% and the Financial Select Sector SPDR Fund (XLF) adding 0.5%.

The Philadelphia Housing Index jumped 4.9%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 1.1%.

Bitcoin (BTC-USD) fell 3.3% to $94,704, and the yield for 10-year US Treasuries was dropping 14 basis points to 4.27%.

In economic news, the Chicago Federal Reserve Bank's monthly National Activity Index dropped to a reading of minus 0.40 in October from minus 0.27 in September, compared with expectations for an increase to a reading of minus 0.20 in a survey compiled by Bloomberg.

The Dallas Fed's monthly manufacturing index increased to a reading of minus 2.7 in November from minus 3.0 in October, compared with expectations for a larger gain to a reading of minus 2.4 in a survey compiled by Bloomberg.

In corporate news, Coinbase (COIN) is likely to benefit from the incoming Trump administration which is perceived to be pro-cryptocurrencies, Oppenheimer said in a note emailed Monday. Oppenheimer reiterated an outperform rating on the stock and raised its price target to $358 from $265. Coinbase shares added 0.9%.