03:54 PM EDT, 07/18/2024 (MT Newswires) -- Financial stocks were slipping in late Thursday afternoon trading, with the NYSE Financial Index falling 1% and the Financial Select Sector SPDR Fund (XLF) dropping 1.2%.

The Philadelphia Housing Index was climbing 2.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.9%.

Bitcoin (BTC-USD) was declining 1% to $63,442, and the yield for 10-year US Treasuries was rising 4 basis points to 4.19%.

In economic news, US initial jobless claims rose to 243,000 during the week ended July 13 from the upwardly revised 223,000 level in the previous week, compared with expectations for 229,000 in a Bloomberg survey.

In corporate news, Goldman Sachs ( GS ) plans to offer more "sophisticated" investment strategies traditionally reserved for wealthy clients to everyday investors, the Wall Street Journal reported Thursday. Goldman shares were falling 3%.

Cass Information Systems ( CASS ) shares tumbled 14% after reporting Q2 earnings of $0.32 per diluted share, down from $0.52 per share a year earlier. A single analyst surveyed by Capital IQ expected $0.53.

TWFG (TWFG) shares jumped 30% on their Nasdaq trading debut Thursday. The company had priced its initial public offering of 11 million class A shares at $17 apiece to raise about $187 million.

Blackstone (BX) shares rose 1.3% following its Q2 results.