03:49 PM EDT, 09/30/2024 (MT Newswires) -- Financial stocks were mixed late Monday afternoon trading with the NYSE Financial Index shedding 0.2% and the Financial Select Sector SPDR Fund (XLF) up 0.2%.

The Philadelphia Housing Index was little changed, and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.4%.

Bitcoin (BTC-USD) fell 3.4% to $63,350, and the yield for 10-year US Treasuries gained 5.3 basis points to 3.802%.

In economic news, Federal Reserve Chair Jerome Powell said he could foresee two 25-basis-point rate cuts at the remaining two Federal Open Market Committee meetings this year if the economy evolves as expected.

The Institute for Supply Management's Chicago PMI reading rose to 46.6 in September from 46.1 in August, above the 46.0 print expected in a survey compiled by Bloomberg.

In corporate news, UBS (UBS) shed more than half of Credit Suisse's bankers in Germany following its acquisition of its Swiss rival, Bloomberg reported. UBS shares dropped 0.7%.

TPG (TPG) is closing in on a 7 billion euro ($7.79 billion) deal to buy German metering company Techem, the Financial Times reported. Separately, TPG acquired a "substantial" minority stake in wealth management firm Creative Planning, through TPG Capital, Creative Planning said. TPG shares fell 1.2%.

Marsh & McLennan ( MMC ) agreed to buy McGriff Insurance Services for $7.75 billion. Marsh & McLennan ( MMC ) shares shed 0.5%.

JPMorgan Chase ( JPM ) shares eased 0.2% as a Morgan Stanley analyst downgraded the bank to equalweight from overweight.