Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 0.8% and the Financial Select Sector SPDR Fund (XLF) ahead 0.6%.

The Philadelphia Housing Index jumped 5.1%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 1.4%.

Bitcoin (BTC-USD) was declining 1.1% to $95,264, and the yield for 10-year US Treasuries was dropping 13 basis points to 4.27%.

In economic news, the Chicago Federal Reserve Bank's monthly National Activity Index dropped to a reading of minus 0.40 in October from minus 0.27 in September, compared with expectations for an increase to a reading of minus 0.20 in a survey compiled by Bloomberg.

The Dallas Fed's monthly manufacturing index increased to a reading of minus 2.7 in November from minus 3.0 in October, compared with expectations for a larger gain to a reading of minus 2.4 in a survey compiled by Bloomberg.

In corporate news, Citigroup's (C) wealth division has approved special retention bonuses for dozens of personnel to prevent them from leaving during the company's turnaround, Bloomberg reported, citing an interview with Andy Sieg, head of the wealth unit. Citigroup shares rose 1.3%.

Morgan Stanley (MS) received regulatory approval to set up its Middle East headquarters in Riyadh, Saudi Arabia, Bloomberg reported Sunday, citing a statement from Abdulaziz Alajaji, the bank's chief executive for Saudi Arabia. Morgan Stanley shares were shedding 0.3%.

Toronto-Dominion Bank (TD) is preparing to install US government-ordered monitors and has reassured employees that it has enough resources to comply with anti-money laundering laws, Reuters reported Monday. Its shares added 0.2%.