03:40 PM EDT, 03/25/2024 (MT Newswires) -- Financial stocks were slipping in late Monday afternoon trading, with the NYSE Financial Index decreasing 0.2% and the Financial Select Sector SPDR Fund (XLF) off 0.3%.

The Philadelphia Housing Index was shedding 0.3%, and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.4%.

Bitcoin (BTC-USD) spiked 5.3% to $70,758, and the yield for 10-year US Treasuries was rising about 4 basis points to 4.25%.

In economic news, the Dallas Federal Reserve's monthly manufacturing index slid to minus 14.4 in March from minus 11.3 in February, compared with expectations of minus 11.5 in a survey compiled by Bloomberg.

US new-home sales decreased to a 662,000 annual rate in February from an upwardly revised 664,000 rate in January, versus the 675,000 rate expected in a survey compiled by Bloomberg.

In corporate news, TPG (TPG) will cut its China allocations from its eighth Asia buyout fund that will soon close at around $5 billion, Bloomberg reported. TPG shares were up fractionally.

Open Lending ( LPRO ) plunged almost 16% after the company said that Keith Jezek has resigned as chief executive and as a board member. Chuck Jehl, currently chief financial officer, has been named interim CEO and COO, it said.

Goldman Sachs' ( GS ) private-equity arm is weighing a potential sale of European budget hotel chain B&B Hotels, Bloomberg reported. Goldman shares were down 0.5%.

Cincinnati Financial ( CINF ) gained 2.7% after BMO Capital upgraded the stock to outperform from market perform and raised its price target to $135 from $125.