Sector Update: Financial

Financial stocks declined in late Monday afternoon trading, with the NYSE Financial Index shedding 0.2% and the Financial Select Sector SPDR Fund (XLF) down 0.3%.

The Philadelphia Housing Index added 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was 0.6% higher.

Bitcoin (BTC/USD) decreased 0.9% to $62,567, and the yield for 10-year US Treasuries fell 6 basis points to 4.61%.

In economic news, the Dallas Fed's monthly manufacturing index declined to minus 14.5 in April from minus 14.4 in March, compared with expectations for an increase to minus 11.3 in a survey compiled by Bloomberg.

In corporate news, Fulton Financial FULT shares jumped 7.3% after it said late Friday that it acquired substantially all of the assets and deposits of Republic First Bank from the Federal Deposit Insurance Corp. via its subsidiary Fulton Bank.