01:40 PM EDT, 06/04/2025 (MT Newswires) -- Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index fractionally lower and the Financial Select Sector SPDR Fund (XLF) down 0.2%.

The Philadelphia Housing Index was climbing 1.9%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.6%.

Bitcoin (BTC-USD) was easing 0.7% to $105,219, and the yield for 10-year US Treasuries was dropping 10.3 basis points to 4.36%.

In economic news, the Institute for Supply Management's US services index fell to 49.9 in May from 51.6 in April, compared with expectations of an increase to 52 in a Bloomberg-compiled survey.

ADP Institute's employment report showed a 37,000 rise in private payrolls for May following a 60,000 increase in the preceding month, compared with estimates compiled by Bloomberg for a 114,000 gain.

In corporate news, JPMorgan Chase ( JPM ) could soon allow trading and wealth management clients to secure financing against cryptocurrency-linked assets as collateral, Bloomberg reported. JPMorgan ( JPM ) shares were down 0.4%.