03:25 PM EDT, 05/30/2024 (MT Newswires) -- Financial stocks advanced in late Thursday afternoon trading, with the NYSE Financial Index adding 1.1% and the Financial Select Sector SPDR Fund (XLF) up 0.7%.

The Philadelphia Housing Index climbed 1.9%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 1.2%.

Bitcoin (BTC-USD) rose 2.4% to $69,170, and the yield for 10-year US Treasuries fell 7 basis points to 4.55%.

In economic news, US gross domestic product growth in Q1 was revised to 1.3% from a 1.6% increase in the advance estimate, in line with the 1.3% gain anticipated in a survey compiled by Bloomberg.

US initial jobless claims rose to 219,000 in the week ended May 25 from an upwardly revised 216,000 in the previous week, compared with expectations for 217,000 in a survey of analysts compiled by Bloomberg.

Pending home sales fell 7.7% in April, versus the 1% slide expected in a survey compiled by Bloomberg and following a 3.6% increase in March, the National Association of Realtors said.

In corporate news, Apollo Global Management ( APO ) plans to expand its asset origination business and sell private credit to retail channels, including exchange-traded funds, Bloomberg reported Thursday, citing Chief Executive Marc Rowan. Apollo shares spiked 2.9%.