03:24 PM EDT, 09/11/2025 (MT Newswires) -- Financial stocks were higher in late Thursday afternoon trading, with the NYSE Financial Index rising 1.3% and the Financial Select Sector SPDR Fund (XLF) ahead 1.6%.

The Philadelphia Housing Index was climbing 2.3%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 1.6%.

Bitcoin (BTC-USD) was increasing 0.3% to $114,279, and the yield for 10-year US Treasuries shed 2 basis points to 4.01%.

In economic news, the consumer price index rose by 0.4% in August, up from 0.2% in July. A Bloomberg-polled consensus was for a 0.3% rise. Annually, inflation accelerated 2.9% from 2.7%, the strongest pace since January, the Bureau of Labor Statistics said.

Initial jobless claims rose to 263,000 in the week ended Sept. 6 from a downwardly revised 236,000 in the previous week, compared with expectations for 235,000 in a Bloomberg-compiled survey.

In corporate news, Blackstone (BX) is progressing an $800 million deal in private credit financing for safety products manufacturer Justrite Safety, Bloomberg reported. Blackstone shares climbed 3.5%.