03:15 PM EDT, 09/18/2025 (MT Newswires) -- Financial stocks advanced in late Thursday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each rising 0.2%.

The Philadelphia Housing Index increased 0.9%, and the Real Estate Select Sector SPDR Fund (XLRE) added 0.2%.

Bitcoin (BTC-USD) climbed 1.1% to $117,794, and the yield for 10-year US Treasuries rose2.8 basis points to 4.10%.

In economic news, US initial jobless claims last week fell by 33,000 to 231,000, more than reversing an increase of 28,000 to 264,000 in the prior week.

The Philadelphia Fed Manufacturing Index, a measure of the manufacturing industry's health, rebounded to 23.2 in September from minus 0.3 in August, beating analyst forecasts of 1.7 in a Bloomberg survey.

In corporate news, Goldman Sachs' ( GS ) chief US equity strategist, David Kostin, will retire at the end of 2025, Bloomberg reported. Goldman shares rose 1.3%.