02:00 PM EDT, 08/12/2024 (MT Newswires) -- Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index shedding 0.4% and the Financial Select Sector SPDR Fund (XLF) down 0.6%.

The Philadelphia Housing Index fell 1% and the Real Estate Select Sector SPDR Fund (XLRE) slipped 1.3%.

Bitcoin (BTC-USD) was shedding 1.6% to $59,333, and the yield for 10-year US Treasuries was down 4 basis points to 3.90%.

In economic news, consumer expectations for one year of US inflation growth were unchanged in July, compared with a 3% gain in June, according to a survey released by the New York Federal Reserve Bank on Monday.

In corporate news, B. Riley Financial ( RILY ) shares plunged 52.3%. Bloomberg reported Monday that the US Securities and Exchange Commission is expanding a probe into B. Riley, investigating its handling of risk disclosures as well as the relationship between Bryant Riley, the company's founder, and Franchise Group Chief Executive Brian Kahn.

KeyCorp ( KEY ) shares jumped 8% after the company secured a $2.8 billion investment from the Bank of Nova Scotia ( BNS ) in return for a minority stake. Bank of Nova Scotia ( BNS ) shares were falling 4%.

Marathon Digital ( MARA ) shares fell 7.5% after the company said it plans to offer $250 million in convertible notes due 2031 via a private offering.