01:42 PM EST, 03/04/2024 (MT Newswires) -- Financial stocks rose in Monday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each gaining 0.4%.

The Philadelphia Housing Index climbed 0.3%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.4%.

Bitcoin (BTC-USD) jumped 5.5% to $66,645, and the yield for 10-year US Treasuries advanced 4.5 basis points to 4.225%.

In corporate news, NerdWallet ( NRDS ) said it was the victim of a fraudulent bankruptcy claim filed on its behalf in federal court, Reuters reported Saturday. Its shares rose 0.1%.

Ares Management ( ARES ) added 2% after it said Monday that funds managed by its Alternative Credit unit have launched a lending and specialty finance company called Ansley Park Capital.

Rithm Capital ( RITM ) fell 1% after it said Monday it is planning a private offering of $775 million of senior unsecured notes due in 2029.