01:34 PM EDT, 10/31/2024 (MT Newswires) -- Financial stocks were decreasing in Thursday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each shedding about 0.6%.

The Philadelphia Housing Index was down 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was retreating 0.3%.

Bitcoin (BTC-USD) was declining 2.3% to $70,671, and the yield for 10-year US Treasuries was slightly higher at 4.27%.

In economic news, the PCE price index rose by 0.2%, as expected, trimming the year-over-year rate to 2.1% from 2.3% in August. The price index rose by 0.1% month-over-month in August. The core PCE price index increased as expected by 0.3% versus a 0.2% gain in August. The year-over-year rate remained at 2.7%.

The Institute for Supply Management's Chicago PMI reading fell to 41.6 in October from 46.6 in September, compared with an expected 47.0 print in a survey compiled by Bloomberg.

US initial jobless claims fell to 216,000 in the week ended Oct. 26 from an upwardly revised 228,000 level in the previous week, compared with expectations for 230,000 in a Bloomberg survey.

In corporate news, Robinhood (HOOD) shares tumbled past 14% after the firm reported late Wednesday Q3 results that fell short of market expectations.