01:48 PM EDT, 03/26/2025 (MT Newswires) -- Financial stocks retreated in Wednesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each decreasing 0.3%.

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

Bitcoin (BTC-USD) was falling 1.5% to $86,734, and the yield for 10-year US Treasuries was rising 3.6 basis points to 4.34%.

In economic news, new orders for US durable goods rose by 0.9% in February following a larger increase of 3.3% in January, compared with expectations for a 1% fall in a Bloomberg survey.

In corporate news, BlackRock ( BLK ) said it has launched a customizable public-private model portfolio within a unified managed account. Its shares were shedding 0.8%.

Paychex ( PAYX ) shares jumped past 5% after it reported higher-than-expected fiscal Q3 earnings, buoyed by revenue growth across its two main business segments.

Banco Santander (SAN) is looking to sell a portfolio of Spanish mortgages worth about 462 million euros ($498.7 million), Bloomberg reported. Santander shares were down 2.7%.