01:30 PM EST, 12/19/2024 (MT Newswires) -- Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index up 0.5% and the Financial Select Sector SPDR Fund (XLF) rising 0.8%.

The Philadelphia Housing Index was falling 2.5%, and the Real Estate Select Sector SPDR Fund (XLRE) was easing 0.4%.

Bitcoin (BTC-USD) was dropping 2.9% to $97,312, while the yield for 10-year US Treasuries spiked 9 basis points to 4.58%.

In economic news, US gross domestic product was revised upward to a 3.1% increase in Q3 from a 2.8% gain in the previous estimate, above an unrevised 2.8% increase expected in a survey compiled by Bloomberg. GDP rose by 3% in Q2.

The Conference Board's measure of leading indicators rose by 0.3% in November, in contrast with expectations for a 0.1% decline in a survey compiled by Bloomberg and following a 0.4% decrease in October.

In corporate news, Capital One Financial ( COF ) shares added 0.6% after it said Thursday that it received approval from the Office of the Delaware State Bank Commissioner to complete its acquisition of Discover Financial Services ( DFS ) and its Discover Bank subsidiary. Discover shares rose 1.2%.