03:43 PM EDT, 06/03/2024 (MT Newswires) -- Financial stocks fell late Monday afternoon trading, with the NYSE Financial Index shedding 0.5% and the Financial Select Sector SPDR Fund (XLF) slipping 0.8%.

The Philadelphia Housing Index slid 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.5%.

Bitcoin (BTC-USD) rose 2% to $69,090, and the yield for 10-year US Treasuries slumped 11 basis points to 4.40%.

In economic news, the Institute for Supply Management's US manufacturing index fell to 48.7 in May from 49.2 in April, compared with expectations for 49.6 in a survey compiled by Bloomberg.

Separately, S&P Global said its US manufacturing purchasing managers index increased to 51.3 in May from 50 in April.

US home prices cooled for the second consecutive month in April amid softening purchase demand and improving inventory deficits, a report by Intercontinental Exchange (ICE) showed. Annually, home price growth eased to 5.1% in April from a revised 5.7% the previous month and 6.1% in February, according to the report.

US construction spending fell 0.1% in April, compared with a 0.2% increase expected in a survey compiled by Bloomberg and an unrevised 0.2% decrease in March.

In corporate news, Abacus Life ( ABL ) shares rose 3.5% after the company signed a new national distribution deal with AIMCOR.

FactSet Research Systems ( FDS ) is likely to miss estimates by analysts for annual subscription value in fiscal Q3. potentially leading to lower ASV growth guidance in the full year, Morgan Stanley said Monday in a report. The investment firm cut its price target on FactSet stock to $350 from $372 and reiterated its underweight rating. FactSet shares fell 2.6%.

JPMorgan Chase ( JPM ) named Umar Farooq and Max Neukirchen co-heads of global payments, succeeding Takis Georgakopoulos, the bank told MT Newswires. Georgakopoulos is pursuing an opportunity outside the firm, JPMorgan ( JPM ) said. Its shares were shedding 0.7%.

The European Commission is unlikely to seek feedback to remedies the European Energy Exchange submitted to address antitrust concerns on EEX's acquisition of Nasdaq's (NDAQ) European power trading and clearing business, signaling the remedies are insufficient, Reuters reported, citing people with direct knowledge of the matter. Nasdaq shares decreased 0.5%.