01:35 PM EDT, 03/14/2024 (MT Newswires) -- Financial stocks were falling in Thursday afternoon trading, with the NYSE Financial Index dropping 1.1% and the Financial Select Sector SPDR Fund (XLF) off 1.2%.

The Philadelphia Housing Index was slumping 2.7% and the Real Estate Select Sector SPDR Fund (XLRE) was down 2.3%.

Bitcoin (BTC-USD) was declining 3.1% to $70,890, and the yield for 10-year US Treasuries jumped almost 10 basis points to 4.29%.

In economic news, the US Producer Price Index rose by 0.6% in February following a 0.3% increase in January, above the 0.3% gain expected in a survey compiled by Bloomberg.

US retail sales rose by 0.6% in February, versus the 0.8% increase expected in a survey compiled by Bloomberg and following the previous month's 1.1% decline.

In corporate news, New York Community Bancorp ( NYCB/PU ) recently sold a commercial co-operative loan and a portfolio of consumer loans with a net book value of $899 million as part of efforts to revitalize its balance sheet after identifying material weaknesses with how it assessed loan risks, the bank said on Thursday. Its shares were shedding around 1%.