03:31 PM EDT, 08/11/2025 (MT Newswires) -- Financial stocks were mixed late Monday afternoon with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund (XLF) climbing 0.1%.

The Philadelphia Housing Index fell 0.6%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.3%.

Bitcoin (BTC-USD) increased 0.3% at $119,555, and the yield for 10-year US Treasuries shed 1 basis point to 4.27%.

In economic news, the official report on July US inflation is due Tuesday and is expected to show the consumer price index rose 0.2% sequentially and 2.8% annually, according to a Bloomberg poll. That would compare with growth rates of 0.3% and 2.7%, respectively, reported for June.

UBS raised its 2025 target for the S&P 500 as the US economy and companies have performed better than expected, though the brokerage predicted a market trough in H2. UBS lifted its year-end target to 6,100 from 5,500 and sees the index touching 5,900 late in Q3 or early in Q4.

In corporate news, Wells Fargo ( WFC ) subsidiary Wells Fargo Securities' head of equity strategy, Christopher Harvey, left after 12 years at the bank, Bloomberg reported. Wells Fargo ( WFC ) shares shed 0.2%.