01:48 PM EST, 01/27/2025 (MT Newswires) -- Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index adding 0.3% and the Financial Select Sector SPDR Fund (XLF) up 0.2%.

The Philadelphia Housing Index climbed 1.9%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.7%.

Bitcoin (BTC-USD) fell 5.6% to $99,283, and the yield for 10-year US Treasuries dropped 9.1 basis points to 4.53%.

In economic news, US new-home sales accelerated to a 698,000 annual rate in December from an upwardly revised 674,000 rate in November, compared with the 672,000 rate expected in a survey compiled by Bloomberg.

The Chicago Federal Reserve Bank's monthly National Activity Index rose to 0.15 in December from an upwardly revised minus 0.01 in November, compared with expectations for minus 0.06 in a survey compiled by Bloomberg.

The Dallas Fed's monthly manufacturing index jumped to 14.1 in January from an upwardly revised 4.5 in December, compared with expectations for minus 3.0 in a survey compiled by Bloomberg.

In corporate news, UBS (UBS) started a wave of job cuts impacting hundreds of workers in its home market of Switzerland, Bloomberg reported. UBS shares rose 0.3%.