01:53 PM EST, 12/05/2024 (MT Newswires) -- Financial stocks rose in Thursday afternoon trading, with the NYSE Financial Index gaining 0.4% and the Financial Select Sector SPDR Fund (XLF) climbing 0.,6%.

The Philadelphia Housing Index fell 0.8%, and the Real Estate Select Sector SPDR Fund (XLRE) dropped 0.4%.

Bitcoin (BTC-USD) jumped 5.4% to $101,043, and the yield for 10-year US Treasuries rose 1 basis point to 4.19%.

In economic news, US initial jobless claims last week rose to 224,000 from an upwardly revised 215,000 in the previous week, compared with expectations for 215,000 in a survey of analysts compiled by Bloomberg.

In corporate news, Fiserv ( FI ) said Chief Executive Officer Frank Bisignano was nominated by President-elect Donald Trump as the commissioner of the Social Security Administration. Fiserv ( FI ) shares tumbled 5.5%.

Citigroup ( C ) will become the exclusive issuer of the AAdvantage co-branded card portfolio in the US in 2026 under a new agreement with American Airlines Group ( AAL ) . Citigroup ( C ) shares rose 1.7%.

Toronto-Dominion Bank ( MLWIQXX ) reported fiscal Q4 adjusted earnings of 1.72 Canadian dollars ($1.22) per diluted share, down from CA$1.82 a year earlier and below the consensus estimate from analysts surveyed by FactSet of CA$1.82. The shares tumbled 5.4%.