01:57 PM EDT, 03/11/2026 (MT Newswires) -- Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index falling 1.3% and the State Street Financial Select Sector SPDR ETF (XLF) retreating 1.2%.

The Philadelphia Housing Index was dropping 1.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 1.1%.

Bitcoin (BTC-USD) was up 1.4% at $70,958, and the yield for 10-year US Treasuries was rising 7.4 basis points to 4.21%.

In economic news, the US seasonally adjusted consumer price index rose 0.3% in February, as expected in a Bloomberg-compiled survey and following a 0.2% increase in January, according to data released Wednesday by the Bureau of Labor Statistics.

In corporate news, Chubb ( CB ) was named the lead insurer for the US International Development Finance Corp.'s $20 billion reinsurance plan aimed at resuming commercial shipping in the Persian Gulf, the agency said Wednesday. Chubb ( CB ) shares were down 0.2%.

Citigroup ( C/PN ) (C) has told staff to evacuate its offices in the Dubai International Financial Centre and the Oud Metha area and work from home until further notice, Reuters reported Wednesday, citing a staff memo. Standard Chartered has also asked employees in Dubai to work remotely, the report added. HSBC ( HSBC ) has temporarily closed all branches in Qatar to protect staff and customers, the report said, citing a customer notice. Citi shares were down 0.8%, and HSBC ( HSBC ) decreased 0.2%.

Janus Henderson ( JHG ) shares were down 0.7% after the company said Wednesday its board has unanimously rejected the unsolicited proposal of Victory Capital ( VCTR ) to buy it for $30 per share in cash and Victory stock representing projected ownership of 38% of the combined company. Victory shares rose 1.4%.