01:56 PM EDT, 09/11/2025 (MT Newswires) -- Financial stocks were higher in Thursday afternoon trading, with the NYSE Financial Index rising 1.3% and the Financial Select Sector SPDR Fund (XLF) ahead 1.5%.

The Philadelphia Housing Index was climbing 2.4%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 1.2%.

Bitcoin (BTC-USD) was increasing 0.9% to $114,571, and the yield for 10-year US Treasuries was shedding 3 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.

Markets are now pricing a 75% probability that the Federal Open Market Committee will lower interest rates by 75 basis points by December, up from 68% a day ago, according to the CME FedWatch Tool.

In corporate news, JPMorgan Chase ( JPM ) plans to increase hiring across its corporate banking business in the Asia Pacific region by about 20% next year, Reuters reported. Separately, JPMorgan ( JPM ) is preparing plans for a new office building in London and has hired architecture firm Foster + Partners to draft designs for what could be the company's biggest office in the city, Bloomberg reported. JPMorgan ( JPM ) shares rose 1.4%.

JPMorgan Chase ( JPM ) and Deutsche Bank ( DB ) are leading a roughly 750 million euro ($879 million) debt financing to back Apollo Global Management's ( APO ) purchase of German cooling systems manufacturer Kelvion, Bloomberg reported. Apollo shares climbed 3%.

WisdomTree ( WT ) shares rose 2.1% after it reported assets under management of $131.14 billion as of Aug. 31, up from $127.19 billion at the end of July.