01:34 PM EST, 12/12/2024 (MT Newswires) -- Financial stocks were edging down in Thursday afternoon trading, with the NYSE Financial Index shedding 0.2% and the Financial Select Sector SPDR Fund (XLF) easing 0.1%.

The Philadelphia Housing Index shed 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 0.2%.

Bitcoin (BTC-USD) was increasing 1.2% to $101,605, and the yield for 10-year US Treasuries was rising 3.7 basis points to 4.31%.

In economic news, the US producer price index increased 0.4% month over month on a seasonally adjusted basis in November, above the 0.2% Bloomberg-polled consensus estimate.

US initial jobless claims rose to 242,000 in the week ended Dec. 7 from an upwardly revised 225,000 in the previous week, compared with expectations for a drop to 220,000 in a survey compiled by Bloomberg.

In sector news, the US Consumer Financial Protection Bureau said Thursday it adopted new rules capping overdraft fees at $5 per transaction for banks with over $10 billion in assets. The rule is expected to save depositors $5 billion annually, the CFPB said.

In corporate news, Blackstone (BX) said Thursday that it agreed to acquire a mixed-use property asset in central Tokyo from Japanese hotel and railway operator Seibu Holdings for $2.6 billion. Blackstone shares were falling 1.6%.