03:24 PM EST, 12/19/2024 (MT Newswires) -- Financial stocks advanced in late Thursday afternoon trading with the NYSE Financial Index up 0.4% and the Financial Select Sector SPDR Fund (XLF) adding 0.8%.

The Philadelphia Housing Index fell 2.1%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.8%.

Bitcoin (BTC-USD) dropped 4.1% to $96,524, while the yield for 10-year US Treasuries jumped 7.6 basis points to 4.57%.

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 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, Starwood Property Trust ( STWD ) shares added 0.4% after the company raised $783 million, extended debt maturities and reduced its borrowing costs via capital market deals this month.