Financial stocks fell Monday afternoon trading, with the NYSE Financial Index down 0.6% and the Financial Select Sector SPDR Fund (XLF) shedding 0.9%.
The Philadelphia Housing Index dropped 0.1%, and the Real Estate Select Sector SPDR Fund (XLRE) was fractionally lower.
Bitcoin (BTC-USD) fell 1.8% to $97,965, and the yield for 10-year US Treasuries rose 3.7 basis points to 4.19%.
In corporate news, Arthur J. Gallagher (AJG) agreed to buy insurance brokerage AssuredPartners for $13.45 billion in cash to expand the retail middle-market property and casualty focus across the US. Arthur J. Gallagher shares eased 0.2%.
Apollo Global Management's (APO) Novolex has agreed to buy Pactiv Evergreen (PTVE) for $18 per share in an all-cash deal valued at $6.7 billion. Apollo shares were falling 2.1% and Pactiv jumped nearly 19%.
StoneX (SNEX) said Monday that current Chief Executive Sean O'Connor will assume the role of executive vice-chairman of the board, while Philip Smith, who is a current member of the executive committee, will take over as CEO. StoneX shares fell 0.6%.
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