Financial stocks fell in late Monday afternoon trading with the NYSE Financial Index declining 1.1% and the Financial Select Sector SPDR Fund (XLF) off 0.8%.

The Philadelphia Housing Index slumped 2.7%, and the Real Estate Select Sector SPDR Fund (XLRE) dropped 2%.

Bitcoin (BTC-USD) declined 2.1% to $67,515, and the yield for 10-year US Treasuries jumped 11 basis points to 4.18%.

In economic news, the Conference Board's measure of leading indicators fell 0.5% in September, below expectations for a 0.3% decrease in a survey compiled by Bloomberg.

In corporate news, Sierra Bancorp (BSRR) shares tumbled 6.6% after Q3 revenue trailed analyst estimates.

First Horizon (FHN) said Monday that its FHN Financial division expanded its public finance department to enhance project finance capabilities in the municipal market by hiring a team of municipal bankers. First Horizon shares were falling 1.9%.

Atlantic Union Bankshares (AUB) agreed to buy Sandy Spring Bancorp (SASR) in an all-stock deal worth roughly $1.6 billion to form the largest regional bank headquartered in the lower Mid-Atlantic. Atlantic Union shares were falling 6.5%, and Sandy Spring shed 2.3%.

MetLife (MET) is in talks to buy PineBridge Investments' non-China assets that could be valued at $1 billion to $1.5 billion, Bloomberg reported. MetLife shares were down 0.5%.