03:28 PM EST, 02/24/2025 (MT Newswires) -- Financial stocks were higher in late Monday afternoon trading, with the NYSE Financial Index rising 0.6% and the Financial Select Sector SPDR Fund (XLF) adding 0.9%.

The Philadelphia Housing Index was easing 0.2%, while the Real Estate Select Sector SPDR Fund (XLRE) added 0.7%.

Bitcoin (BTC-USD) was declining 2.1% to $94,304, and the yield for 10-year US Treasuries decreased 3 basis points to 4.39%.

In economic news, the Dallas Fed's monthly manufacturing index fell to minus 8.3 in February from 14.1 in January, compared with expectations for 6.4 in a survey compiled by Bloomberg.

In regulatory news, the US Securities and Exchange Commission plans to lay off top leaders at regional offices across the country amid cost-cutting scrutiny by the Trump administration, Reuters reported.

In corporate news, JPMorgan Chase ( JPM ) said Monday it's committing $50 billion from its balance sheet, along with nearly $15 billion toward its private-credit deals. JPMorgan ( JPM ) shares were down 0.7%.