01:27 PM EST, 03/03/2025 (MT Newswires) -- Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index up 0.3% and the Financial Select Sector SPDR Fund (XLF) fractionally higher.

The Philadelphia Housing Index eased 0.1%, while the Real Estate Select Sector SPDR Fund (XLRE) climbed 1.1%.

Bitcoin (BTC-USD) was falling 5.5% to $88,732, and the yield for 10-year US Treasuries was dropping 5.1 basis points to 4.18%.

In economic news, the Institute for Supply Management's US manufacturing index fell to 50.3 in February from 50.9 in January, compared with expectations for 50.8 in a survey compiled by Bloomberg.

In corporate news, Ready Capital ( RC ) shares fell past 30% after its Q4 revenue missed analysts' expectations.