01:29 PM EST, 03/05/2025 (MT Newswires) -- Financial stocks advanced in Wednesday afternoon trading with the NYSE Financial Index rising 0.5% and the Financial Select Sector SPDR Fund (XLF) up 0.1%.

The Philadelphia Housing Index climbed 1.3%, and the Real Estate Select Sector SPDR Fund (XLRE) added 0.3%.

Bitcoin (BTC-USD) gained 2.3% to $89,367, and the yield for 10-year US Treasuries rose 6.1 basis points to 4.27%.

In economic news, ADP's monthly measure of private payrolls showed an increase of 77,000 jobs in February, below the gain of 140,000 expected in a survey compiled by Bloomberg.

The Institute for Supply Management's US services index rose to 53.5 in February from 52.8 in January, compared with expectations of 52.5 in a survey compiled by Bloomberg.

In corporate news, Bakkt Holdings ( BKKT/WS ) shares jumped 18% after Axios reported that Apex Fintech is evaluating a potential acquisition of the company.