03:23 PM EDT, 10/08/2025 (MT Newswires) -- Financial stocks declined in late Wednesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each decreasing 0.2%.

The Philadelphia Housing Index was fractionally higher, and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.6%.

Bitcoin (BTC-USD) was increasing 1.5% to $123,195, and the yield for 10-year US Treasuries was slightly higher at nearly 4.13%.

In corporate news, Western Alliance Bancorp ( WAL ) shares fell 4.6% after Bloomberg reported that the bank is potentially exposed to losses tied to the failure of car parts supplier First Brands via a leveraged financing deal with a fund connected to Jefferies Financial ( JEF ) . Jefferies shares dropped 5.9%.