03:44 PM EDT, 06/12/2024 (MT Newswires) -- Financial stocks were mixed in late Wednesday afternoon trading, with the NYSE Financial Index rising 0.4% and the Financial Select Sector SPDR Fund (XLF) down 0.1%.

The Philadelphia Housing Index jumped 2.5%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.7%.

Bitcoin (BTC-USD) rose 1.9% to $68,469, and the yield for 10-year US Treasuries tumbled 8 basis points to 4.32%.

In economic news, the Federal Open Market Committee maintained the federal funds rate range at 5.25% to 5.5% and reduced the number of rate cuts it expects this year to one from the three estimated three months ago, the FOMC's statement and Summary of Economic Projections showed Wednesday.

The US seasonally adjusted consumer price index held steady in May, below the 0.1% gain expected in a survey compiled by Bloomberg and following a 0.3% increase in April, Bureau of Labor Statistics data showed. The year-over-year rates for overall and core CPI slowed to 3.3% and 3.4%, respectively, from 3.4% and 3.6% in the previous month.

In corporate news, American Express ( AXP ) holds firm on its "pricing discipline," but it will keep talking to eBay ( EBAY ) over its fee structure, Christophe Le Caille, the company's chief financial officer said during an investor conference hosted by Morgan Stanley Wednesday. eBay ( EBAY ) said last week it was pulling the plug on its business relationship with American Express ( AXP ), citing "unacceptably high fees." American Express ( AXP ) shares were falling 0.5% and eBay ( EBAY ) was up 0.4%.