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

The Philadelphia Housing Index was easing 0.1%, and the Real Estate Select Sector SPDR Fund (XLRE) was falling 1.5%.

Bitcoin (BTC-USD) was declining 2% to $95,348, and the yield for 10-year US Treasuries was rising 1 basis point to 4.19%.

In economic news, the Institute for Supply Management's US manufacturing index increased to 48.4 in November from 46.5 in the previous month, above the expected 47.6 reading in a survey compiled by Bloomberg.

US construction spending rose by 0.4% in October, compared with a 0.2% increase expected in a survey compiled by Bloomberg.

In corporate news, Citigroup (C) has completed the separation of its institutional banking operations in Mexico from its consumer, small and middle-market businesses, Bloomberg reported. Citi shares added 0.8%.

JPMorgan Chase has been fined 2.4 million Singapore dollars ($1.8 million) by the Monetary Authority of Singapore for failing to prevent and detect misconduct by its relationship managers in 24 over-the-counter bond transactions, the regulator said Monday. JPMorgan shares were down 1.1%.

United Bankshares (UBSI) shares were fractionally lower after it said Monday it has received all regulatory approvals for its planned merger with Piedmont Bancorp.