01:56 PM EDT, 08/25/2025 (MT Newswires) -- Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index shedding 0.5% and the Financial Select Sector SPDR Fund (XLF) down 0.4%.

The Philadelphia Housing Index was decreasing 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) was 0.4% lower.

Bitcoin (BTC-USD) was declining 0.9% to $112,457, and the yield for 10-year US Treasuries rose 1 basis point to 4.27%.

In economic news, single-family home sales slid 0.6% sequentially to a seasonally adjusted annual rate of 652,000 units in July, according to the Census Bureau and the Department of Housing and Urban Development. The Bloomberg-polled consensus was for a 0.5% gain versus June's unrevised figure.

The Dallas Federal Reserve's monthly manufacturing index fell to a reading of minus 1.8 in August from 0.9 in July, compared with expectations for a smaller drop to a reading of minus 1.7 in a survey compiled by Bloomberg.

In corporate news, Coinbase (COIN) and Robinhood (HOOD) shares fell 3% and 1.1% after Reuters reported that global stock exchanges are pushing regulators to crack down on tokenized stocks. The World Federation of Exchanges, in letters addressed to the US Securities and Exchange Commission's Crypto Task Force, the European Securities and Markets Authority, and IOSCO's Fintech Task Force, said it was concerned that tokens "mimic" equities without providing the same rights or safeguards, Reuters reported, citing a confidential letter.

Prudential's (PUK) move to pare its stake in Asian unit Eastspring Investments, exploring options such as a partial sale or partnership, has stalled due to concerns over valuation and deal structure, Bloomberg reported. Prudential shares fell 0.8%.

Mizuho (MFG) and Mitsubishi UFJ Financial ( MUFG ) are exploring potential partnerships or acquisitions of overseas asset managers, with a focus on opportunities in the US and Europe, Reuters reported. Mizuho shares were down 0.5%, and MUFG was shedding 0.7%.