01:33 PM EST, 01/06/2025 (MT Newswires) -- Financial stocks advanced in Monday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both rising 0.4%.

The Philadelphia Housing Index added 0.6%, while the Real Estate Select Sector SPDR Fund (XLRE) fell 0.5%.

Bitcoin (BTC-USD) gained 3.7% to $101,945, and the yield for 10-year US Treasuries climbed 2.6 basis points to 4.622%.

In economic news, new orders for US factory goods fell 0.4% in November, as expected in a survey compiled by Bloomberg, with a revised 0.5% increase in October.

The S&P Global US services index was revised downward to 56.8 in December from the 58.5 flash reading, compared with expectations for no revision in a survey compiled by Bloomberg.

In regulatory news, the Federal Reserve said Vice Chair for Supervision Michael Barr will step down, effective Feb. 28, but will remain a governor on the Federal Reserve Board.

In corporate news, Navient ( NAVI ) shares rose 3.1%. The company agreed to sell its government services business to Gallant Capital Partners.