01:43 PM EST, 12/09/2024 (MT Newswires) -- Financial stocks fell Monday afternoon trading, with the NYSE Financial Index down 0.6% and the Financial Select Sector SPDR Fund (XLF) shedding 0.9%.

The Philadelphia Housing Index dropped 0.1%, and the Real Estate Select Sector SPDR Fund (XLRE) was fractionally lower.

Bitcoin (BTC-USD) fell 1.8% to $97,965, and the yield for 10-year US Treasuries rose 3.7 basis points to 4.19%.

In corporate news, Arthur J. Gallagher ( AJG ) agreed to buy insurance brokerage AssuredPartners for $13.45 billion in cash to expand the retail middle-market property and casualty focus across the US. Arthur J. Gallagher ( AJG ) shares eased 0.2%.

Apollo Global Management's ( APO ) Novolex has agreed to buy Pactiv Evergreen ( PTVE ) for $18 per share in an all-cash deal valued at $6.7 billion. Apollo shares were falling 2.1% and Pactiv jumped nearly 19%.

StoneX ( SNEX ) said Monday that current Chief Executive Sean O'Connor will assume the role of executive vice-chairman of the board, while Philip Smith, who is a current member of the executive committee, will take over as CEO. StoneX ( SNEX ) shares fell 0.6%.