03:28 PM EDT, 07/10/2024 (MT Newswires) -- Financial stocks were advancing in late Wednesday afternoon trading, with the NYSE Financial Index adding 0.3% and the Financial Select Sector SPDR Fund (XLF) up 0.1%.

The Philadelphia Housing Index climbed 1.9% and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.3%.

Bitcoin (BTC-USD) fell 0.9% to $57,499, and the yield for 10-year US Treasuries eased 2 basis points to 4.28%.

In regulatory news, President Joe Biden will nominate Office of Management and Budget official Julie Siegel for a commissioner seat at the Commodity Futures Trading Commission, Politico reported.

In corporate news, Brighthouse Financial ( BHF ) spiked 5.3% following an upgrade to buy from hold by Jefferies, which also increased its price target on the company to $54 from $49.