03:41 PM EST, 02/12/2025 (MT Newswires) -- Financial stocks fell in late Wednesday afternoon trading with the NYSE Financial Index shedding 0.5% and the Financial Select Sector SPDR Fund (XLF) down 0.4%.

The Philadelphia Housing Index dropped 1.9%, and the Real Estate Select Sector SPDR Fund (XLRE) slid 0.8%.

Bitcoin (BTC-USD) increased 1.7% to $97,487, and the yield for 10-year US Treasuries jumped 10 basis points to 4.64%.

In economic news, the US seasonally adjusted consumer price index rose by 0.5% in January, above expectations for a 0.3% increase in a survey compiled by Bloomberg and following a 0.4% increase in December, according to data released by the Bureau of Labor Statistics.

In corporate news, KKR (KKR) has raised about $14 billion for its North America buyout fund, moving past the halfway mark to its $20 billion goal, Bloomberg reported. KKR shares were shedding 2.3%.

Apollo Global Management ( APO ) said Wednesday that funds managed by its affiliates have acquired a majority stake in oil and gas infrastructure resource company Bold Production Services. Apollo shares were down 0.7%.

Zillow ( ZG ) shares fell 8%. The company forecast Q1 revenue that trails estimates by analysts.

Upstart (UPST) shares jumped 33% after the company swung to an adjusted profit in Q4 as sales increased with 2025 revenue guidance set above expectations.