01:22 PM EST, 12/02/2024 (MT Newswires) -- Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index down 0.7% and the Financial Select Sector SPDR Fund (XLF) off 0.8%.

The Philadelphia Housing Index was easing 0.1%, and the Real Estate Select Sector SPDR Fund (XLRE) was falling 1.5%.

Bitcoin (BTC-USD) was declining 2% to $95,348, and the yield for 10-year US Treasuries was rising 1 basis point to 4.19%.

In economic news, the Institute for Supply Management's US manufacturing index increased to 48.4 in November from 46.5 in the previous month, above the expected 47.6 reading in a survey compiled by Bloomberg.

US construction spending rose by 0.4% in October, compared with a 0.2% increase expected in a survey compiled by Bloomberg.

In corporate news, Citigroup ( C ) has completed the separation of its institutional banking operations in Mexico from its consumer, small and middle-market businesses, Bloomberg reported. Citi shares added 0.8%.