03:48 PM EST, 11/04/2024 (MT Newswires) -- Financial stocks fell in late Monday afternoon trading with the NYSE Financial Index down 0.2% and the Financial Select Sector SPDR Fund (XLF) off 0.8%.

The Philadelphia Housing Index climbed 1.2%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.9%.

Bitcoin (BTC-USD) declined 1.7% to $67,612, and the yield for 10-year US Treasuries dropped 5 basis points to 4.31%.

In economic news, new orders for US factory goods fell 0.5% in September, as expected in a survey compiled by Bloomberg, and following a revised 0.8% decrease in August.

In corporate news, Affiliated Managers ( AMG ) shares tumbled past 9% after the firm's Q3 earnings failed to meet analysts' estimates.

AlTi Global ( ALTI ) and Allianz X have launched a joint venture to develop a private markets investment program for ultra-high net worth clients. AlTi Global ( ALTI ) shares rose 2.1%.

B. Riley Financial-backed (RILY) Franchise Group started voluntary Chapter 11 proceedings in the US Bankruptcy Court for the District of Delaware on Sunday. B. Riley shares tumbled past 12%.

Blackstone (BX) is in advanced talks to buy Retail Opportunity Investments ( ROIC ) , Reuters reported. Blackstone shares shed 0.3%, and Retail Opportunity jumped past 8%.