03:35 PM EDT, 06/13/2024 (MT Newswires) -- Financial stocks fell in late Thursday afternoon trading with the NYSE Financial Index easing 0.5% and the Financial Select Sector SPDR Fund (XLF) off 0.2%.

The Philadelphia Housing Index rose 0.2%, while the Real Estate Select Sector SPDR Fund (XLRE) climbed 0.6%.

Bitcoin (BTC-USD) dropped 2.2% to $66,766, and the yield for 10-year US Treasuries lost 6 basis points to 4.24%.

In economic news, the US producer price index fell 0.2% last month, swinging from a 0.5% gain in April. The Bloomberg consensus of analysts was for a 0.1% increase.

Separately, initial jobless claims increased 13,000 to 242,000 in the week ended Saturday. The consensus was for a drop to 225,000, a Bloomberg survey of analysts showed.

In corporate news, JPMorgan Chase's ( JPM ) asset-management arm raised more than $500 million for a biotech venture-capital fund focused on weight-loss drugs, Bloomberg reported. JPMorgan ( JPM ) shares added 1.3%.