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Sector Update: Financial

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Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each decreasing 0.4%.

The Philadelphia Housing Index was shedding 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.8%.

Bitcoin (BTC-USD) was increasing 2.3% to $64,263, and the yield for 10-year US Treasuries was rising 1.8 basis points to 4.714%.

In corporate news, Ares Management (ARES) is set to take control of UK broadband provider Toob and inject fresh equity into the struggling company backed by the UK's National Wealth Fund, Bloomberg reported. Ares shares were down 1.7%.

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