03:36 PM EST, 01/06/2025 (MT Newswires) -- Financial stocks edged lower in late Monday afternoon trading with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund (XLF) down 0.2%.

The Philadelphia Housing Index shed 0.2%, while the Real Estate Select Sector SPDR Fund (XLRE) fell 0.9%.

Bitcoin (BTC-USD) gained 4% to $102,287, and the yield for 10-year US Treasuries rose 2 basis points to 4.62%.

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, HSBC ( HSBC ) said Monday that Lisa McGeough will become president and chief executive of the lender's US operations. HSBC ( HSBC ) shares rose 0.5%.