03:50 PM EDT, 05/13/2024 (MT Newswires) -- Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each shedding 0.2%.

The Philadelphia Housing Index was down 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) added 0.1%.

Bitcoin (BTC-USD) gained 2.8% to $63,086, and the yield for 10-year US Treasuries was down 1.6 basis points at 4.49%.

In economic news, consumer expectations for one-year US inflation growth rose to 3.3% in April after remaining at a 3% pace for four straight months, according to a New York Federal Reserve Bank survey. The median expectations slowed to a 2.8% gain from a 2.9% rise for the upcoming three years but rose to a 2.8% jump from a 2.6% advance for the five years ahead.

In corporate news, MoneyHero ( MNY ) shares popped more than 7% as it said Monday it appointed Hao Qian as its permanent chief financial officer. Qian previously held senior finance positions at Alibaba (BABA), including as CFO of Alibaba's Lazada unit across various markets.

UBS (UBS) Chief Executive Sergio Ermotti said the company is trying hard to avoid delays in the integration of its technology and data systems with those of Credit Suisse as a delay would decrease expected synergies, Reuters reported Monday. Separately, Ermotti said he plans to stay in his current role until the integration of Credit Suisse is completed, which could be early 2027, Bloomberg reported. UBS shares were fractionally lower.

Nasdaq (NDAQ) is considering a sale of its Solovis business as part of an effort to streamline its portfolio, Bloomberg reported Monday. Nasdaq shares added 0.3%.

Bitfarms ( BITF ) shares sank 8% as the company said Monday it terminated Geoffrey Morphy as president and chief executive, effective immediately. Morphy filed on Friday a lawsuit against the company for breach of contract, wrongful dismissal and punitive damages for $27 million.