01:53 PM EDT, 04/08/2024 (MT Newswires) -- Financial stocks advanced in Monday afternoon trading with the NYSE Financial Index adding 0.7% and the Financial Select Sector SPDR Fund (XLF) ahead 0.5%.

The Philadelphia Housing Index rose 0.3%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.9%.

Bitcoin (BTC-USD) climbed 3% to $71,323, and the yield for 10-year US Treasuries rose 5 basis points to 4.43%.

In corporate news, Apartment Income REIT ( AIRC ) shares soared 23% after the rental property portfolio manager agreed to be acquired and taken private by Blackstone (BX) in an all-cash transaction valued at $10 billion, including debt. Blackstone shares rose 1.4%.

Tradeweb Markets ( TW ) shares increased 0.1% after the company agreed to buy Institutional Cash Distributors for $785 million, expanding into a new client channel serving corporate treasury professionals.

JPMorgan Chase ( JPM ) said Chief Operating Officer Daniel Pinto is "immediately ready" to lead the company as chief executive officer "should the need arise in the near-term," according to a regulatory filing. JPMorgan ( JPM ) shares rose 0.4%.