03:45 PM EDT, 07/11/2024 (MT Newswires) -- Financial stocks were rising in Thursday afternoon trading with the NYSE Financial Index adding 0.9% and the Financial Select Sector SPDR Fund (XLF) up 0.8%.

The Philadelphia Housing Index popped 5.7%, and the Real Estate Select Sector SPDR Fund (XLRE) jumped 2.5%.

Bitcoin (BTC-USD) eased 0.5% to $57,453, and the yield for 10-year US Treasuries slumped 9 basis points to 4.19%.

In economic news, the US seasonally adjusted consumer price index slipped 0.1% in June from May, compared with the 0.1% increase expected in a survey compiled by Bloomberg and a flat reading in May. The year-over-year headline and core CPI slowed to 3% and 3.3%, respectively, from 3.3% and 3.4% in the previous month.

In corporate news, KKR (KKR) and Axel Springer Chief Executive Mathias Dopfner are in talks to break up the media conglomerate, the Financial Times reported Thursday. KKR shares were shedding 0.4%.

Citigroup ( C ) asked a judge to dismiss a lawsuit alleging its ATM fee waiver for customers of minority-owned banks constitutes racial discrimination. Citigroup ( C ) shares fell 1.9%.

Envestnet ( ENV ) shares fell 0.4% after the company agreed to be acquired by Bain Capital in a deal that valued the wealth technology platform at $4.5 billion.

BlackRock ( BLK ) is expected to report Q2 EPS largely in line with the consensus of $10.01, Morgan Stanley said, cutting the company's price target to $1,013 from $1,025 and maintaining the overweight rating. BlackRock ( BLK ) shares rose 1.5%.