03:26 PM EDT, 04/10/2024 (MT Newswires) -- Financial stocks fell in late Wednesday afternoon trading, with the NYSE Financial Index dropping 2.3% and the Financial Select Sector SPDR Fund (XLF) shedding 1.4%.

The Philadelphia Housing Index tumbled 4%, and the Real Estate Select Sector SPDR Fund (XLRE) sank 4.1%.

Bitcoin (BTC-USD) added 0.4% to $69,386, and the yield for 10-year US Treasuries spiked 19 basis points to 4.56%.

In economic news, the consumer price index rose 0.4% sequentially in March, the Bureau of Labor Statistics said Wednesday, matching February's growth rate but ahead of the 0.3% consensus, according to a Bloomberg-compiled survey. Annually, the rate accelerated to 3.5% from 3.2% in the previous month, higher than the Street's estimate of 3.4%.

In corporate news, KKR (KKR) is considering selling BMC Software after other private equity firms showed an interest in the IT business, Bloomberg reported Wednesday. KKR shares were down 2%.