Financial stocks were mixed in Monday afternoon trading, with the NYSE Financial Index fractionally lower and the Financial Select Sector SPDR Fund (XLF) up 0.4%.

The Philadelphia Housing Index eased 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 0.4%.

Bitcoin (BTC-USD) was increasing 0.5% to $83,763, and the yield for 10-year US Treasuries was shedding 1 basis point to 4.24%.

In economic news, the Institute for Supply Management's Chicago PMI reading rose to 47.6 in March from 45.5 in February, higher than the expected 45 print in a survey compiled by Bloomberg but still indicating contraction in the sector.

In corporate news, Rocket (RKT) said Monday it agreed to buy Mr. Cooper (COOP) in an all-stock deal valued at $9.4 billion. Rocket shares fell nearly 10%, while Mr. Cooper jumped more than 13%.

LPL Financial (LPLA) will buy wealth management firm Commonwealth Financial Network in a $2.7 billion deal that will expand LPL's advisory staff. LPL shares were down past 2%.

Brookfield Asset Management (BAM) is nearing a deal to acquire Colonial Pipeline, the United States' largest fuel transportation system, for over $9 billion, including debt, Reuters reported. Brookfield shares fell 1.2%.