03:27 PM EDT, 03/14/2024 (MT Newswires) -- Financial stocks declined in late Thursday afternoon trading with the NYSE Financial Index shedding 1.4% and the Financial Select Sector SPDR Fund (XLF) dropping 1.2%.

The Philadelphia Housing Index slumped 3%, and the Real Estate Select Sector SPDR Fund (XLRE) declined 2.1%.

Bitcoin (BTC-USD) dropped 4.5% to $69,822, and the yield for 10-year US Treasuries jumped almost 11 basis points to 4.30%.

In economic news, the US producer price index rose 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 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, JPMorgan ( JPM ) was fined $250 million by the Comptroller of the Currency due to alleged deficiencies in the company's trade surveillance program, the regulator said. JPMorgan ( JPM ) shares fell 2%.