03:26 PM EDT, 10/30/2024 (MT Newswires) -- Financial stocks rose in late Wednesday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both climbing 0.4%.

The Philadelphia Housing Index gained 1.2%, and the Real Estate Select Sector SPDR Fund (XLRE) advanced 0.4%.

Bitcoin (BTC-USD) fell 1.1% to $71,872, and the yield for 10-year US Treasuries dropped 1 basis point to 4.26%.

In economic news, US gross domestic product rose 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, BlackRock ( BLK ) emerged as the sole suitor for private-credit firm HPS Investment Partners with the sides in advanced talks over a potential acquisition, Bloomberg reported. Separately, BlackRock's ( BLK ) Alacrity Solutions is in restructuring talks with creditors, Bloomberg reported. BlackRock ( BLK ) shares eased 0.3%.