03:29 PM EDT, 05/14/2025 (MT Newswires) -- Financial stocks fell in late Wednesday afternoon trading with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund (XLF) off 0.4%.

The Philadelphia Housing Index dropped 2.1%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.9%.

Bitcoin (BTC-USD) declined 0.5% to $103,514, and the yield for 10-year US Treasuries rose 2.9 basis points to 4.528%.

In economic news, Federal Reserve Vice Chair Philip Jefferson said that monetary policy is in a good position to deal with the possible inflation impacts of the Trump administration's tariff plans.

In corporate news, eToro Group (ETOR) stock jumped 30% in the debut on Nasdaq after the company priced an initial public offering of 11.9 million class A shares at $52 each.