01:28 PM EST, 02/12/2025 (MT Newswires) -- Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each down 0.5%.

The Philadelphia Housing Index was falling 2.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was shedding 0.7%.

Bitcoin (BTC-USD) was increasing 1.2% to $96,850, and the yield for 10-year US Treasuries jumped 10.4 basis points to 4.64%.

In economic news, the US seasonally adjusted consumer price index rose by 0.5% in January, above expectations for a 0.3% increase in a survey compiled by Bloomberg and following a 0.4% increase in December, according to data released Wednesday by the Bureau of Labor Statistics.

In sector news, the White House is considering downsizing and consolidating US bank regulators, The Wall Street Journal reported Tuesday.

In corporate news, Zillow ( ZG ) shares fell past 8%. The company reported Q4 non-GAAP net income late Tuesday of $0.27 per diluted share, up from $0.20 a year earlier and matching the FactSet consensus estimate. For Q1, the company expects revenue of $575 million to $590 million, compared to the FactSet consensus expectation of $599.6 million.