01:24 PM EST, 12/04/2024 (MT Newswires) -- Financial stocks fell in Wednesday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both shedding 0.5%.

The Philadelphia Housing Index dropped 2%, and the Real Estate Select Sector SPDR Fund (XLRE) declined 0.3%.

Bitcoin (BTC-USD) was little changed at $95,917, and the yield for 10-year US Treasuries declined 3 basis points to 4.19%.

In economic news, the Institute for Supply Management's US services index fell to 52.1 in November from 56.0 in October, compared with expectations for 55.7 in a survey compiled by Bloomberg.

ADP's monthly measure of private payrolls showed a 146,000 increase in November, below expectations for a 150,000 gain compiled by Bloomberg.

In regulatory news, President-elect Donald Trump nominated Paul Atkins to chair the US Securities and Exchange Commission.

In corporate news, Shift4 Payments ( FOUR ) Chief Executive Officer Jared Isaacman was nominated by Trump as administrator of NASA. Shift4 shares tumbled 11%.