03:17 PM EST, 12/04/2024 (MT Newswires) -- Financial stocks fell in late Wednesday afternoon trading with the NYSE Financial Index down 0.5% and the Financial Select Sector SPDR Fund (XLF) easing 0.2%.

The Philadelphia Housing Index dropped 2.1%, and the Real Estate Select Sector SPDR Fund (XLRE) declined 0.4%.

Bitcoin (BTC-USD) added 2.1% to $97,964, and the yield for 10-year US Treasuries declined 4.5 basis points to 4.18%.

In economic news, the Institute for Supply Management's US services index fell to 52.1 in November from 56.0 in October, compared with expectations for 55.7 in a survey compiled by Bloomberg.

ADP's monthly measure of private payrolls showed a 146,000 increase in November, below expectations for a 150,000 gain compiled by Bloomberg.

In regulatory news, President-elect Donald Trump nominated Paul Atkins to chair the US Securities and Exchange Commission.

In corporate news, Robinhood (HOOD) shares rose 3.5%. The company plans to enter the Asian market in 2025, establishing its regional headquarters in Singapore, Bloomberg reported, citing Chief Executive Officer Vlad Tenev.