01:28 PM EDT, 10/30/2024 (MT Newswires) -- Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index rising 0.6% and the Financial Select Sector SPDR Fund (XLF) ahead 0.7%.

The Philadelphia Housing Index was climbing 1.4%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.7%.

Bitcoin (BTC-USD) was declining 1.1% to $71,900, and the yield for 10-year US Treasuries was decreasing 1 basis point to 4.26%.

In economic news, US gross domestic product rose by 2.8% in Q3, slower than a 3% increase in Q2 and less than a 2.9% gain expected in a survey compiled by Bloomberg.

In corporate news, Visa (V) reported fiscal Q4 non-GAAP earnings and revenue that beat market expectations. Its shares jumped 3.5%.