03:24 PM EDT, 06/05/2025 (MT Newswires) -- Financial stocks were mixed in late Thursday afternoon trading, with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund (XLF) shedding 0.5%.

The Philadelphia Housing Index was down 0.8%, and the Real Estate Select Sector SPDR Fund (XLRE) eased 0.1%.

Bitcoin (BTC-USD) was falling 2.5% to $102,161, and the yield for 10-year US Treasuries rose 3 basis points to 4.39%.

In economic news, Chinese President Xi Jinping told President Donald Trump to remove "negative" measures in trade negotiations and said that Trump was welcome to visit China, Bloomberg reported Thursday, citing a transcript of the phone conversation between the leaders published by China's state broadcaster. Xi agreed to more trade talks, the report added.

US initial jobless claims rose to a level of 247,000 in the week ended May 31 from a downwardly revised 239,000 level in the previous week, compared with expectations for a decrease to 235,000 in a survey of analysts compiled by Bloomberg.

The US international trade deficit narrowed significantly to $61.62 billion in April from a $138.32 billion gap in March, narrower than the $66 billion gap expected in a survey compiled by Bloomberg.

In corporate news, Blackstone (BX) is among the bidders shortlisted to buy the CityQuartier Trocadero building in Paris for 700 million euros ($800 million), Reuters reported. Blackstone shares were down 1.4%.