03:29 PM EST, 11/14/2024 (MT Newswires) -- Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index easing 0.2% and the Financial Select Sector SPDR Fund (XLF) off 0.1%.

The Philadelphia Housing Index rose 0.4%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.7%.

Bitcoin (BTC-USD) fell 2.2% to $88,509, and the yield for 10-year US Treasuries declined 3 basis points to 4.42%.

In economic news, the US producer price index rose 0.2% in October, faster than a 0.1% increase in September and as expected in a survey compiled by Bloomberg.

Weekly applications for unemployment insurance dipped to the lowest level since May, while continuing claims retracted, according to US government data released Thursday. The seasonally adjusted number of initial claims dropped by 4,000 to 217,000 in the week ended Saturday, the lowest point since May 18, according to the Department of Labor. The consensus was for a 220,000 level in a survey of analysts compiled by Bloomberg.

In corporate news, Citigroup ( C ) is under investigation by the US Department of Justice, FBI and IRS due to its connections with a sanctioned Russian official, Bloomberg reported. Citi shares were shedding 0.9%.