01:27 PM EDT, 04/10/2024 (MT Newswires) -- Financial stocks were declining in Wednesday afternoon trading, with the NYSE Financial Index dropping 2.2% and the Financial Select Sector SPDR Fund (XLF) off 1.4%.

The Philadelphia Housing Index was falling 3.6%, and the Real Estate Select Sector SPDR Fund (XLRE) tumbled 4.2%.

Bitcoin (BTC-USD) was increasing 0.4% to $69,418, and the yield for 10-year US Treasuries jumped 19 basis points to 4.55%.

In economic news, the consumer price index rose 0.4% sequentially in March, the Bureau of Labor Statistics said Wednesday, matching February's growth rate but ahead of the 0.3% consensus, according to a Bloomberg-compiled survey. Annually, the rate accelerated to 3.5% from 3.2% in the previous month, higher than the Street's estimate of 3.4%.

In corporate news, title insurance companies stocks were among those that dropped in recent trading after Bloomberg reported Wednesday that the Consumer Financial Protection Bureau is considering whether to bar mortgage bankers from charging homebuyers for title insurance that protects lenders. Fidelity National Financial ( FNF ) shares dropped 8.8%, First American Financial ( FAF ) shares fell 8%, and Stewart Information Services ( STC ) shares lost 7.3%.