03:19 PM EST, 12/12/2024 (MT Newswires) -- Financial stocks were lower in late Thursday afternoon trading with the NYSE Financial Index shedding 0.4% and the Financial Select Sector SPDR Fund (XLF) easing 0.2%.

The Philadelphia Housing Index dropped 1%, and the Real Estate Select Sector SPDR Fund (XLRE) added 0.1%.

Bitcoin (BTC-USD) fell 1.4% to $99,771, and the yield for 10-year US Treasuries gained 5 basis points to 4.32%.

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 last week rose to 242,000 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 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 bureau said.

In corporate news, Roadzen ( RDZN ) shares plunged 27%. The company agreed in principle with Mizuho Securities USA to extend the maturity of its $11.5 million 15% senior secured notes by one year to Dec. 31, 2025.