03:29 PM EDT, 07/10/2025 (MT Newswires) -- Financial stocks were advancing in late Thursday afternoon trading, with the NYSE Financial Index up 0.4% and the Financial Select Sector SPDR Fund (XLF) ahead 0.6%.

The Philadelphia Housing Index climbed 1.4%, and the Real Estate Select Sector SPDR Fund (XLRE) added 0.8%.

Bitcoin (BTC-USD) was increasing 3% to $113,519, and the yield for 10-year US Treasuries rose slightly to 4.35%.

In economic news, US initial jobless claims fell to a level of 227,000 in the week ended July 5 from a downwardly revised 232,000 level in the previous week, compared with expectations for a rise to 235,000 in a Bloomberg survey.

In corporate news, Morgan Stanley ( MS ) has sold its unit focused on electronic market-making for US equity options to Citadel Securities, Bloomberg reported. Morgan Stanley ( MS ) shares rose 0.9%.