01:40 PM EST, 01/30/2025 (MT Newswires) -- Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 0.3% and the Financial Select Sector SPDR Fund (XLF) up 1.4%.

The Philadelphia Housing Index was climbing 2.8%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 2%.

Bitcoin (BTC-USD) was increasing 2.4% to $105,271, and the yield for 10-year US Treasuries was shedding 3.1 basis points to 4.52%.

In economic news, US gross domestic product rose by 2.3% in the advance estimate for Q4, below a 2.6% gain expected in a survey compiled by Bloomberg and slower than a 3.1% growth in Q3.

US initial jobless claims fell to 207,000 in the week ended Jan. 25 from 223,000 in the previous week, compared with expectations for 225,000 in a survey compiled by Bloomberg.

In corporate news, Mastercard ( MA ) reported better-than-expected Q4 results on Thursday amid robust consumer spending, while growth in the value of transactions processed on the payments giant's platform accelerated year over year. Its shares popped 4.2%.