03:42 PM EDT, 07/17/2025 (MT Newswires) -- Financial stocks were rising in late Thursday afternoon trading, with the NYSE Financial Index up 0.9% and the Financial Select Sector SPDR Fund (XLF) adding 1%.

The Philadelphia Housing Index was increasing 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) was fractionally lower.

Bitcoin (BTC-USD) was increasing 0.9% to $119,824, and the yield for 10-year US Treasuries was slightly higher at 4.46%.

In economic news, retail sales rose 0.6% in June, outpacing the 0.1% forecast and rebounding from a 0.9% drop in May. Excluding motor vehicles, sales climbed 0.5%; excluding both motor vehicles and flat gasoline station figures, sales increased 0.6%.

The NAHB housing market index ticked up to 33 in July from 32 in June, matching estimates. Still, the gauge remains below 41 recorded a year ago.

The Philadelphia Fed's manufacturing index surged to 15.9 in July from minus 4 in June, ahead of forecasts for a minus 1 print.

In corporate news, Morgan Stanley ( MS ) is resuming an attempt to refinance about $4 billion of private loans for financial software firm Finastra, Bloomberg reported. Morgan Stanley ( MS ) shares rose 1.1%.