01:33 PM EDT, 04/11/2024 (MT Newswires) -- Financial stocks were decreasing in Thursday afternoon trading, with the NYSE Financial Index shedding 0.3% and the Financial Select Sector SPDR Fund (XLF) off 0.2%.

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

Bitcoin (BTC-USD) was up 1% at $70,382, and the yield for 10-year US Treasuries was steady at 4.56%.

In economic news, producer prices in March logged the biggest annual increase since April 2023, the Bureau of Labor Statistics reported Thursday, a day after hotter-than-expected consumer inflation data largely wiped out pricing for a June rate cut.

In corporate news, Globe Life ( GL ) shares plunged 35% as short seller Fuzzy Panda Research alleged that company executives disregarded insurance fraud.