01:00 PM EDT, 03/12/2026 (MT Newswires) -- Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index dropping 1.6% and the State Street Financial Select Sector SPDR ETF (XLF) falling 1.5%.

The Philadelphia Housing Index was down 2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) decreased 0.4%.

Bitcoin (BTC-USD) was up 0.4% at $70,482, and the yield for 10-year US Treasuries gained 3.3 basis points to 4.24%.

In corporate news, Morgan Stanley ( MS ) and Cliffwater have put a ceiling on withdrawals from their private credit funds after redemption requests exceeded the allowed amount, Bloomberg reported. Morgan Stanley ( MS ) shares fell 4.1%.