03:28 PM EDT, 07/24/2024 (MT Newswires) -- Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index shedding 1.1% and the Financial Select Sector SPDR Fund (XLF) off 0.9%.

The Philadelphia Housing Index dropped 2%, and the Real Estate Select Sector SPDR Fund (XLRE) lost 0.9%.

Bitcoin (BTC-USD) eased 0.1% to $65,900, and the yield for 10-year US Treasuries rose 5 basis points to 4.29%.

In economic news, the July flash reading of manufacturing conditions from S&P Global fell to a seven-month low of 49.5 from 51.6 in June, compared with expectations for no change in a survey compiled by Bloomberg.

US new-home sales fell to a 617,000 annual rate in June from an upwardly revised 621,000 rate in May, compared with the 640,000 rate expected in a survey compiled by Bloomberg.

In corporate news, CoStar ( CSGP ) shares popped 3.6% after the company late Tuesday raised its full-year earnings outlook after delivering a Q2 beat.