01:09 PM EDT, 07/16/2025 (MT Newswires) -- Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index up 0.3% and the Financial Select Sector SPDR Fund (XLF) rising 0.4%.

The Philadelphia Housing Index was up 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 0.9%.

Bitcoin (BTC-USD) was increasing 1.4% to $119,342, and the yield for 10-year US Treasuries was decreasing 1 basis point to 4.48%.

In economic news, the Producer Price Index stood pat in June following a 0.3% increase in May, above the 0.2% gain expected in a survey compiled by Bloomberg. After excluding food and energy prices, core PPI held steady, below the 0.2% gain expected and following a 0.4% increase in the previous month, the Bureau of Labor Statistics said.

In corporate news, Goldman Sachs ( GS ) logged stronger-than-expected Q2 results, buoyed by record equity trading revenue and a surge in investment banking gains. Its shares added 0.2%.