01:46 PM EDT, 10/02/2024 (MT Newswires) -- Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index shedding 0.2% and the Financial Select Sector SPDR Fund (XLF) off 0.3%.

The Philadelphia Housing Index dropped 1.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.7%.

Bitcoin (BTC-USD) was 0.4% lower at $61,464, and the yield for 10-year US Treasuries was rising 4 basis points to 3.79%.

In economic news, ADP's monthly measure of private payrolls showed a 143,000 increase in September, above expectations compiled by Bloomberg for a 125,000 gain.

In corporate news, KKR (KKR) has made a non-binding, preliminary approach to take the $5 billion Hong Kong-listed ASMPT private, Bloomberg reported. KKR shares gained 1.7%.

TPG (TPG) and Zayo are vying to buy Crown Castle's (CCI) fiber and wireless assets in a deal worth about $10 billion, Reuters reported. TPG shares were down 0.6%.

JPMorgan Chase ( JPM ) is planning to open nearly 100 new branches in low-income areas in the US, including rural towns with dwindling bank presence, the Wall Street Journal reported. The bank's shares were fractionally lower.