03:35 PM EDT, 09/10/2025 (MT Newswires) -- Financial stocks were declining in late Wednesday afternoon trading, with the NYSE Financial Index fractionally lower and the Financial Select Sector SPDR Fund (XLF) down 0.5%.

The Philadelphia Housing Index was shedding 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) was easing 0.1%.

Bitcoin (BTC-USD) was increasing 1.6% to $113,302, and the yield for 10-year US Treasuries was dropping 4 basis points to 4.03%.

In economic news, the producer price index fell 0.1% in August, after a downwardly revised 0.7% increase in July, the Bureau of Labor Statistics reported Wednesday. A Bloomberg-compiled survey forecast a 0.3% gain. Annually, producer prices growth decelerated to 2.6% from 3.1%, lagging analysts' expectations for a 3.3% increase.

In corporate news, Blackstone (BX) and Ares Management ( ARES ) are among companies providing about $3.6 billion in private financing to back Warburg Pincus' purchase of Park Place Technologies, Bloomberg reported. Blackstone shares rose 2.5% and Ares Management ( ARES ) shares gained 1.8%.