03:41 PM EDT, 06/24/2024 (MT Newswires) -- Financial stocks advanced in late Monday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both increasing 1.2%.

The Philadelphia Housing Index and the Real Estate Select Sector SPDR Fund (XLRE) both gained 0.8%.

Bitcoin (BTC-USD) slumped 4.5% to $60,302, and the yield for 10-year US Treasuries eased to 4.25%.

In economic news, the Dallas Fed's monthly manufacturing index rose to minus 15.1 in June from minus 19.4 in May, compared with expectations for minus 15 in a survey compiled by Bloomberg.

In corporate news, Lead Real Estate ( LRE ) , a Japanese real estate developer, plans to build a "premium series" hotel in Tokyo. The shares tumbled 68%.

Banks are expected to show mixed pre-provision net revenue trends in Q2 amid challenges in credit quality, subpar loan growth and net interest margins reaching their near-term lows, Wedbush said in a report. M&T Bank ( MTB ) , First Citizens BancShares (FCNCA), East West Bancorp ( EWBC ) , First Horizon ( FHN ) and Wintrust Financial ( WTFC ) are Wedbush's top picks.

Riot Platforms ( RIOT ) requested a special meeting of Bitfarms ( BITF ) shareholders to reconstitute the Bitfarms ( BITF ) board. Riot, which is Bitfarms' ( BITF ) largest shareholder, also formally withdrew its proposal to acquire all Bitfarms ( BITF ) shares for $2.30 a share. Riot shares fell 3.3% and Bitfarms ( BITF ) tumbled 8.3%.

KKR (KKR) is looking for about $20 billion from investors for its new North America private equity fund, Reuters reported. KKR shares shed 0.7%.