03:28 PM EDT, 05/16/2024 (MT Newswires) -- Financial stocks were edging higher in late Thursday afternoon trading, with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund (XLF) adding 0.3%.

The Philadelphia Housing Index was falling 2% and the Real Estate Select Sector SPDR Fund (XLRE) was fractionally higher.

Bitcoin (BTC-USD) fell 1% to $65,375, and the yield for 10-year US Treasuries was rising 2.5 basis points to 4.38%.

In economic news, US initial jobless claims fell to 222,000 in the week ended May 11 from an upwardly revised 232,000 level in the previous week, compared with expectations for a larger decrease to 220,000 in a Bloomberg survey.

US industrial production held steady in April, below expectations for a 0.1% increase in a Bloomberg survey.

In corporate news, Medical Properties Trust ( MPW ) said Thursday it received a noncompliance notice from the New York Stock Exchange for not meeting the timely filing criteria for continued listing on the exchange. Its shares tumbled 4.9%.