03:19 PM EDT, 09/08/2025 (MT Newswires) -- Financial stocks were mixed in late Monday afternoon trading, with the NYSE Financial Index fractionally higher and the Financial Select Sector SPDR Fund (XLF) down 0.1%.

The Philadelphia Housing Index was adding 0.3%, and the Real Estate Select Sector SPDR Fund (XLRE) was falling 1.2%.

Bitcoin (BTC-USD) was increasing 0.9% to $112,178, and the yield of 10-year US Treasuries was shedding 4 basis points to 4.05%.

In economic news, at its Sept. 17 meeting, the probability the Federal Open Market Committee will cut interest rates by 25 basis points is 90%, according to the CME FedWatch Tool. The remaining 10% likelihood is for a 50-basis-point reduction, implying the Fed is set to restart its policy easing program.

In corporate news, BlackRock ( BLK ) is set to open an office in Kuwait as the asset manager furthers its expansion in the Gulf region, Reuters reported Monday, citing Kuwaiti state news agency KUNA. BlackRock ( BLK ) shares added 0.3%.