Financial stocks were higher in late Monday afternoon trading, with the NYSE Financial Index rising 0.6% and the Financial Select Sector SPDR Fund (XLF) adding 0.9%.

The Philadelphia Housing Index was easing 0.2%, while the Real Estate Select Sector SPDR Fund (XLRE) added 0.7%.

Bitcoin (BTC-USD) was declining 2.1% to $94,304, and the yield for 10-year US Treasuries decreased 3 basis points to 4.39%.

In economic news, the Dallas Fed's monthly manufacturing index fell to minus 8.3 in February from 14.1 in January, compared with expectations for 6.4 in a survey compiled by Bloomberg.

In regulatory news, the US Securities and Exchange Commission plans to lay off top leaders at regional offices across the country amid cost-cutting scrutiny by the Trump administration, Reuters reported.

In corporate news, JPMorgan Chase (JPM) said Monday it's committing $50 billion from its balance sheet, along with nearly $15 billion toward its private-credit deals. JPMorgan shares were down 0.9%.

Brookfield Asset Management (BAM) is seeking to raise at least $7 billion for its fourth infrastructure debt fund, Bloomberg reported. Brookfield shares were decreasing 0.2%.

Genstar Capital is in talks to buy a controlling stake in First Eagle Investment Management, currently majority-owned by Blackstone (BX) and Corsair Capital, Bloomberg reported. Blackstone shares were easing 0.1%.

Apollo Global Management (APO) has agreed to buy and take private real estate-focused investment firm Bridge Investment Group (BRDG) in an all-stock deal worth $1.5 billion that is expected to strengthen Apollo's real estate equity platform. Bridge shares jumped nearly 35% and Apollo fell 1.4%.