03:45 PM EDT, 06/06/2024 (MT Newswires) -- Financial stocks were mixed in late Thursday afternoon trading, with the NYSE Financial Index rising 0.1% and the Financial Select Sector SPDR Fund (XLF) fractionally lower.

The Philadelphia Housing Index dropped 1.1%, and the Real Estate Select Sector SPDR Fund (XLRE) added 0.1%.

Bitcoin (BTC-USD) decreased 0.4% to $70,750, and the yield for 10-year US Treasuries was little changed at 4.28%.

In economic news, US initial jobless claims rose to 229,000 in the week ended June 1 from an upwardly revised 221,000 level in the previous week, compared with expectations for a decrease to 220,000 in a Bloomberg survey.

The US international trade deficit widened to $74.56 billion in April from a $68.58 billion gap in March, but a smaller deficit than the $76.5 billion gap expected in a survey compiled by Bloomberg.

The European Central Bank on Thursday cut interest rates after a five-meeting run of pauses, lowering its deposit facility rate to 3.75% from 4%.

In corporate news, StoneCo ( STNE ) shares spiked 3% after JPMorgan upgraded the company's stock to overweight from neutral, with a $20 price target.

Robinhood (HOOD) acquired the cryptocurrency exchange Bitstamp for $200 million in cash. Robinhood shares jumped past 6%.

Fines against Toronto-Dominion Bank ( MLWIQXX ) tied to US money-laundering probes may total as much as $4 billion following fresh allegations involving the lender, according to Jefferies Financial analysts, Bloomberg reported. The bank's shares were down 0.1%.

Arch Capital ( ACGL ) is on a solid long-term path to growth and profitability amid its focus on core tenets such as disciplined underwriting, prudent approach to risk, and diversification, Morgan Stanley said in a report. The investment firm reiterated its overweight rating on the stock while adjusting its price target to $116 from $115. Arch Capital ( ACGL ) shares added 0.4%.