03:48 PM EST, 02/27/2025 (MT Newswires) -- Financial stocks rose in late Thursday afternoon trading, with the NYSE Financial Index up 0.2% and the Financial Select Sector SPDR Fund (XLF) adding 0.4%.

The Philadelphia Housing Index fell 1.4%, while the Real Estate Select Sector SPDR Fund (XLRE) was 0.3% higher.

Bitcoin (BTC-USD) dropped 0.6% to $82,897, and the yield for 10-year US Treasuries gained 3.4 basis points to 4.28%.

In economic news, US initial jobless claims last week rose to 242,000 from an upwardly revised 220,000 in the previous week, beating forecasts for 221,000 in a survey compiled by Bloomberg.

US pending home sales fell by 4.6% in January versus the 0.9% drop expected in a survey compiled by Bloomberg and following a 4.1% decrease in December, according to data from the National Association of Realtors.

In corporate news, Root (ROOT) shares jumped 26%, a day after the company reported Q4 sales jumped from a year earlier, topping estimates by analysts.

Payoneer (PAYO) shares fell 14% after its core earnings outlook for 2025 indicated a year-over-year decline.

Apollo Global Management ( APO ) is in talks to lead a $35 billion financing package to help Meta (META) develop US-based data centers, Bloomberg reported. Apollo shares were 0.2% lower.

Goldman Sachs ( GS ) has eliminated a section titled "diversity and inclusion" from its 2024 annual filing released Thursday. Goldman shares were falling 1.6%.