03:20 PM EST, 11/21/2024 (MT Newswires) -- Financial stocks were advancing in late Thursday afternoon trading, with the NYSE Financial Index rising 1.3% and the Financial Select Sector SPDR Fund (XLF) climbing 1.5%.

The Philadelphia Housing Index was adding 0.9%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.7%.

Bitcoin (BTC-USD) popped 4.4% to $98,419, and the yield for 10-year US Treasuries was rising 2.6 basis points to 4.43%.

In regulatory news, the US Securities and Exchange Commission said Thursday that Chair Gary Gensler will step down from his post on Jan. 20.

In economic news, US initial jobless claims fell to 213,000 in the week ended Nov. 16 from an upwardly revised 219,000 in the previous week, compared with expectations for an increase to 220,000 in a survey of analysts compiled by Bloomberg.

The Conference Board's measure of leading indicators fell 0.4% in October, below expectations for a 0.3% decrease in a survey compiled by Bloomberg and following a 0.3% decrease in September.

In corporate news, Bit Origin ( BTOG ) shares tumbled past 8%. The company said Thursday it has been notified by Nasdaq that it is not in compliance with the exchange's listing requirements because of the delay in the filing of its annual report on Form 20-F for the fiscal year ended June 30.