03:53 PM EDT, 04/08/2024 (MT Newswires) -- Financial stocks were rising in late Monday afternoon trading, with the NYSE Financial Index adding 0.6% and the Financial Select Sector SPDR Fund (XLF) up 0.5%.

The Philadelphia Housing Index was 0.2% softer, and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.7%.

Bitcoin (BTC-USD) climbed 3.7% to $71,868, and the yield for 10-year US Treasuries rose 5 basis points to 4.42%.

In economic news, consumer expectations for one-year US inflation growth remained at a 3% gain in March for the fourth consecutive month, according to a survey by the New York Federal Reserve Bank. Median inflation expectations rose to a 2.9% gain from a 2.7% increase for the three-year period and slowed to a 2.6% advance from a 2.9% boost for five years ahead.

In corporate news, MSCI's ( MSCI ) Q1 results may beat estimates on the back of asset-based fees, RBC Capital Markets said. RBC has an outperform rating on the company and a $638 price target. MSCI ( MSCI ) shares gained 1.3%.

Apartment Income REIT ( AIRC ) shares soared 22% after the rental property portfolio manager agreed to be acquired by Blackstone (BX) in an all-cash transaction valued at $10 billion, including debt. Blackstone shares rose 1.3%.

Tradeweb Markets ( TW ) shares shed 0.6% after the company agreed to buy Institutional Cash Distributors for $785 million, expanding into a new client channel serving corporate treasury professionals.

JPMorgan Chase ( JPM ) said Chief Operating Officer Daniel Pinto is "immediately ready" to lead the company as chief executive officer "should the need arise in the near-term," according to a regulatory filing. JPMorgan ( JPM ) shares rose 0.4%.