03:52 PM EDT, 08/28/2025 (MT Newswires) -- Financial stocks edged higher in late Thursday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each advancing 0.1%.

The Philadelphia Housing Index fell 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) dropped 0.5%.

Bitcoin (BTC-USD) added 0.9% to $112,298, and the yield for 10-year US Treasuries fell 3 basis points to 4.21%.

In economic news, gross domestic product was revised upward to a 3.3% increase in Q2 from a 3% gain in the advance estimate, above the 3.1% increase expected in a survey compiled by Bloomberg. GDP contracted 0.5% in Q1.

Initial jobless claims last week fell to 229,000 in the week from a downwardly revised 234,000 in the previous week, compared with expectations for a decrease to 230,000 in a Bloomberg survey of analysts.

Federal Reserve Governor Lisa Cook filed a lawsuit Thursday in federal court, challenging President Donald Trump's attempt to oust her over allegations she lied on mortgage applications, Bloomberg reported, citing court records.

In corporate news, TransUnion ( TRU ) said the personal information of 4.5 million customers was compromised in a data breach on July 28, according to a filing with the office of Maine's attorney general. TransUnion ( TRU ) shares fell 0.3%.

Barclays ( BCS ) said that its Barclays Principal Investments unit agreed to sell its stake in the Entercard joint venture to partner Swedbank for 2.6 billion Swedish kronor ($274.6 million). Barclays ( BCS ) shares fell 0.4%.

Gryphon Digital Mining ( GRYP ) is nearing the completion of its merger with American Bitcoin, with the combined company aiming to begin Nasdaq trading in early September under the ticker ABTC, Reuters reported, citing Hut 8 ( HUT ) Chief Executive Officer Asher Genoot, whose company holds an 80% stake in American Bitcoin. Gryphon shares surged 43%, and Hut 8 ( HUT ) added 1.2%.

Canadian Imperial Bank of Commerce ( CM ) shares rose 2.3% after the company posted higher fiscal Q3 adjusted earnings and revenue. The bank plans to purchase for cancellation up to 20 million common shares under a normal course issuer bid.