03:44 PM EDT, 08/04/2025 (MT Newswires) -- Financial stocks advanced in late Monday afternoon trading, with the NYSE Financial Index adding 0.7% and the Financial Select Sector SPDR Fund (XLF) rising 0.9%.

The Philadelphia Housing Index climbed 1.6%, and the Real Estate Select Sector SPDR Fund (XLRE) increased 0.9%.

Bitcoin (BTC-USD) rose 0.7% to $115,020, and the yield for 10-year US Treasuries fell 2 basis points to 4.20%.

In economic news, new orders for US factory goods fell by 4.8% in June, in line with expectations in a Bloomberg survey, following a revised 8.3% increase in May. Excluding a 22.4% decline in transportation orders, factory orders would have risen 0.4% after a 0.3% gain in May, compared with expectations for a 0.2% increase.

In corporate news, Affiliated Managers ( AMG ) shares rose 3.5% after TD Cowen upgraded the stock to buy from hold and adjusted its price target to $255 from $214.

UBS (UBS) said Monday it agreed to pay $300 million to the US Department of Justice to settle outstanding obligations under a 2017 agreement between Credit Suisse and the regulator for its legacy residential mortgage-backed securities business. Separately, UBS is considering a synthetic risk transfer deal involving about 2 billion Swiss francs ($2.47 billion) in loans, Bloomberg reported. UBS shares increased 2%.

HSBC ( HSBC ) is advising Investcorp on a possible sale of Saudi Arabian IT company NourNet, Bloomberg reported. HSBC ( HSBC ) shares added 0.8%.

Berkshire Hathaway ( BRK/A ) (BRK.A, BRK.B) shares fell past 3% after recording a $3.76 billion after-tax write-down on its investment in Kraft Heinz (KHC), according to the company's Q2 earnings report on Saturday. Berkshire's Q2 earnings fell to $8,601 per average equivalent class A share from $21,122, and revenue dropped to $92.52 billion from $93.65 billion a year earlier.