01:52 PM EST, 11/20/2024 (MT Newswires) -- Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each shedding about 0.5%.

The Philadelphia Housing Index was easing 0.3%, and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.3%.

Bitcoin (BTC-USD) was 0.2% lower at $93,523, and the yield for 10-year US Treasuries was rising 3.3 basis points to 4.41%.

In corporate news, Apollo Global Management ( APO ) Chief Executive Marc Rowan and former Federal Reserve Governor Kevin Warsh are scheduled for interview Wednesday for the Treasury Secretary role in President-elect Donald Trump's forthcoming administration, Bloomberg reported. Apollo shares were down 4.1%.

Wells Fargo's ( WFC ) $1.95 trillion asset cap should not be removed until the bank has fixed its risk management and compliance issues, Democratic Senator Elizabeth Warren told the Federal Reserve in a letter, according to a Reuters report. Wells Fargo ( WFC ) shares were down 0.7%.

Finance of America ( FOA ) shares tumbled past 16% after UBS downgraded the financial services company to neutral from buy.