Sector Update: Financial

Financial stocks rise in Monday afternoon trading, with the NYSE Financial Index gaining 0.2% and the Financial Select Sector SPDR Fund (XLF) up 0.1%.

The Philadelphia Housing Index added 0.7% and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.9%.

Bitcoin (BTC/USD) rose 0.1% to $63,190, and the yield for 10-year US Treasuries fell 5 basis points to 4.62%.

In economic news, the Dallas Fed's monthly manufacturing index declined to minus 14.5 in April from minus 14.4 in March, compared with expectations for an increase to minus 11.3 in a survey compiled by Bloomberg.

In corporate news, UMB Financial UMBF agreed to buy Heartland Financial HTLF for $2 billion in stock to expand in California, Minnesota, New Mexico, Iowa and Wisconsin. UMB Financial shares fell 4.1%, and Heartland jumped 19%.