01:50 PM EST, 02/03/2025 (MT Newswires) -- Financial stocks fell in Monday afternoon trading with the NYSE Financial Index down 0.8% and the Financial Select Sector SPDR Fund (XLF) shedding 0.3%.

The Philadelphia Housing Index dropped 2.1%, and the Real Estate Select Sector SPDR Fund (XLRE) eased 0.1%.

Bitcoin (BTC-USD) rose 2% to $99,679, and the yield for 10-year US Treasuries fell 4 basis points to 4.53%.

In economic news, President Donald Trump delayed the implementation of tariffs on imports from Mexico following a call with his counterpart, President Claudia Sheinbaum. Sheinbaum agreed to send troops to Mexico's border with the US to block the flow of illicit drugs.

The US manufacturing sector rebounded in January as demand conditions improved, two separate surveys showed Monday. The ISM purchasing managers' index rose to 50.9 last month from 49.2 in December. The consensus was for a 49.9 print in a survey compiled by Bloomberg. S&P Global (SPGI) said its manufacturing PMI moved back above the 50 mark for the first time in seven months, rising to 51.2 in January from December's 49.4 reading. The consensus among analysts was for a 50.1 reading in a Bloomberg poll.

In regulatory news, Treasury Secretary Scott Bessent, in his new role as acting head of the Consumer Financial Protection Bureau, has ordered the agency to stop all rulemaking, communications, litigation, and other activities, Bloomberg reported Monday, citing an email to staff it obtained.

In corporate news, Interactive Brokers ( IBKR ) shares rose 2.5%. Daily average revenue trades rose 58% to 3.5 million in January from a year earlier.

BlackRock ( BLK ) is planning to open an office in Kuwait, Bloomberg reported. Its shares were falling almost 5%.

Banco Santander (SAN) said Monday that its Openbank digital platform has taken in more than $2 billion in total deposits in the US as of Jan. 29. Santander shares were down 3.1%.