03:31 PM EST, 11/25/2024 (MT Newswires) -- Financial stocks advanced in late Monday afternoon trading with the NYSE Financial Index rising 0.8% and the Financial Select Sector SPDR Fund (XLF) adding 0.7%.

The Philadelphia Housing Index jumped 5%, and the Real Estate Select Sector SPDR Fund (XLRE) climbed 1.1%.

Bitcoin (BTC-USD) fell 3.3% to $94,704, and the yield for 10-year US Treasuries tumbled 14 basis points to 4.27%.

In economic news, the Chicago Federal Reserve Bank's monthly National Activity Index dropped to minus 0.40 in October from minus 0.27 in September, compared with expectations for an increase to a reading of minus 0.20 in a survey compiled by Bloomberg.

The Dallas Fed's monthly manufacturing index increased to minus 2.7 in November from minus 3.0 in October, compared with expectations for a larger gain to minus 2.4 in a survey compiled by Bloomberg.

In corporate news, Coinbase (COIN) is likely to benefit from the incoming Trump administration, which is perceived to be pro-cryptocurrencies, Oppenheimer said. Oppenheimer raised its price target to the company $358 from $265 and reiterated its outperform rating Coinbase shares added 1.6%.

Robinhood (HOOD) shares rose 2.4% after Morgan Stanley upgraded the stock to overweight from equalweight and boosted the price target to $55 from $24.

Citigroup's ( C ) wealth division approved special retention bonuses for dozens of personnel to prevent them from leaving during the company's turnaround, Bloomberg reported, citing an interview with Andy Sieg, head of the wealth unit. Citigroup ( C ) shares rose 1.7%.

Toronto-Dominion Bank ( MLWIQXX ) is preparing to install US government-ordered monitors and reassured employees it has enough resources to comply with anti-money laundering laws, Reuters reported. The bank's shares added 0.1%.