Financial stocks were rising in Monday afternoon trading, with the NYSE Financial Index adding 1.1% and the Financial Select Sector SPDR Fund (XLF) up 1.2%.
The Philadelphia Housing Index rose 1%, and the Real Estate Select Sector SPDR Fund (XLRE) climbed 1.7%.
Bitcoin (BTC-USD) was increasing 0.7% to $84,206, and the yield for 10-year US Treasuries was dropping 2.7 basis points to 4.28%.
In economic news, US retail sales rose 0.2% in February, lower than the 0.6% increase expected in a survey compiled by Bloomberg and following the previous month's revised 1.2% fall.
The National Association of Home Builders' monthly housing market index fell to a reading of 39 in March from 42 in February, compared with expectations for no change in a survey compiled by Bloomberg.
In corporate news, Affirm (AFRM) shares fell 7.1% after CNBC reported that Walmart (WMT) is making Klarna the exclusive provider of its buy now, pay later loans.
Robinhood Markets (HOOD) shares jumped 7%. The company on Monday launched a prediction markets hub inside its app, allowing users to trade on event outcomes.
MetroCity Bankshares (MCBS) said Monday it signed a definite merger deal to buy First IC, the parent company of First IC Bank based in Doraville, Georgia, for roughly $206 million in cash and stock, subject to closing adjustments. MetroCity shares were down 1%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.