03:40 PM EDT, 10/03/2024 (MT Newswires) -- Financial stocks were decreasing in late Thursday afternoon trading, with the NYSE Financial Index and Financial Select Sector SPDR Fund (XLF) each shedding 0.7%.

The Philadelphia Housing Index was down 0.6%, and the Real Estate Select Sector SPDR Fund (XLRE) was dropping 1.2%.

Bitcoin (BTC-USD) was up 1.1% at $60,873, and the yield for 10-year US Treasuries rose 5.9 basis points to 3.84%.

In economic news, the Institute for Supply Management's US services index rose to 54.9 in September from 51.5 in August, compared with 51.7 expected in a survey compiled by Bloomberg.

US initial jobless claims rose sequentially to 225,000 in the week ended Sept. 28 from an upwardly revised 219,000, compared with the 221,000 consensus in a survey compiled by Bloomberg.

In corporate news, Visa (V) said Thursday it has launched a tokenized asset platform to help financial firms issue and manage fiat-based tokens on blockchain networks. Visa shares were shedding 0.2%.

Citigroup's ( C ) struggles to fix regulatory issues have prompted US Senator Elizabeth Warren to urge Acting Comptroller of the Currency Michael Hsu to impose growth curbs on the bank, Reuters reported. Citigroup ( C ) shares were falling 1.3%.

Blue Owl Capital (OWL) is in talks to buy IPI Partners for about $1 billion, Bloomberg reported. Blue Owl shares rose 1.4%.

Blackstone (BX) is looking to raise at least $10 billion for its third Asia-focused private equity fund, Reuters reported. Blackstone shares shed 0.7%.