03:53 PM EST, 01/15/2025 (MT Newswires) -- Financial stocks advanced in late Wednesday afternoon trading, with the NYSE Financial Index rising 2.5% and the Financial Select Sector SPDR Fund (XLF) up 2.7%.

The Philadelphia Housing Index was climbing 2.3%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.5%.

Bitcoin (BTC-USD) increased 3.5% to $99,803, and the yield for 10-year US Treasuries tumbled 13.5 basis points to 4.65%.

The US seasonally adjusted core consumer price index grew by 0.2%, below the consensus estimate for a 0.3% increase in a survey compiled by Bloomberg, and following a 0.3% gain in November, according to the Bureau of Labor Statistics.

In corporate news, Wells Fargo's ( WFC ) Q4 per-share earnings topped estimates, while revenue unexpectedly declined due to lower net interest income. The shares jumped nearly 7%.

BlackRock ( BLK ) on Wednesday reported record assets under management for 2024 and said it expects this year to offer a "dynamic" investing backdrop. Its shares popped 5.2%.

Goldman Sachs ( GS ) reported stronger-than-expected Q4 earnings and revenue amid an acceleration in investment banking fees. Its shares gained nearly 6%.

Citigroup ( C ) said Wednesday it swung to a higher-than-expected Q4 profit while revenue topped market estimates, aided by growth in each of its business segments. Its shares spiked 7.4%.