01:22 PM EDT, 05/07/2026 (MT Newswires) -- Financial stocks fell in Thursday afternoon trading with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each shedding 0.5%.

The Philadelphia Housing Index dropped 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) declined 0.5%.

Bitcoin (BTC-USD) fell 2% to $79,831, and the yield for 10-year US Treasuries rose 2.2 basis points to 4.378%.

In corporate news, JPMorgan Chase ( JPM ) and Citigroup ( C/PN ) (C) were sued by China's HY Energy over alleged failure of funds transfer, Bloomberg reported. JPMorgan ( JPM ) shares fell 2%, and Citi rose 1.8%.