01:45 PM EDT, 06/26/2024 (MT Newswires) -- Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index down 0.6% and the Financial Select Sector SPDR Fund (XLF) off 0.8%.

The Philadelphia Housing Index was easing 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.2%.

Bitcoin (BTC-USD) was declining 1.6% to $60,822, and the yield for 10-year US Treasuries was rising 7 basis points to 4.30%.

In economic news, US new-home sales plunged to a 619,000 annual rate in May from an upwardly revised 698,000 rate in April, below the 633,000 rate expected in a survey compiled by Bloomberg.

In corporate news, Interactive Brokers ( IBKR ) said Wednesday that it took a nearly $48 million loss due to an "unspecified technical issue" at the New York Stock Exchange on June 3. The company said it doesn't expect the losses to have a material impact on its financials. Its shares were edging up 0.1%.

Mizuho Financial ( MFG ) has received a license from Saudi Arabia's Ministry of Investment to establish its regional headquarters in the country's capital, Riyadh, Bloomberg reported. Mizuho shares were falling 0.9%.

Reliance Global (RELI) said its board has authorized a 1-for-17 reverse stock split of its shares to regain compliance with the $1 minimum bid price rule for continued listing on Nasdaq. Its shares tumbled 28%.