01:37 PM EDT, 03/10/2025 (MT Newswires) -- Financial stocks were in the red in Monday afternoon trading, with the NYSE Financial Index dropping 2.3% and the Financial Select Sector SPDR Fund (XLF) falling 2.2%.

The Philadelphia Housing Index was up 0.3%, while the Real Estate Select Sector SPDR Fund (XLRE) shed 0.2%.

Bitcoin (BTC-USD) was declining 4.2% to $78,914, and the yield for 10-year US Treasuries was dropping 9.3 basis points to 4.23%.

In economic news, median inflation expectations increased by 0.1 percentage point at the one-year horizon to 3.1% in February, according to the Federal Reserve Bank of New York.

In corporate news, Rocket (RKT) said Monday that it will buy real-estate brokerage Redfin (RDFN) for an equity value of $1.75 billion in a deal that's expected to drive users to Rocket's home-lending business. Rocket shares fell past 16%, while Redfin surged 66%.