01:57 PM EDT, 06/27/2024 (MT Newswires) -- Financial stocks were mixed in Thursday afternoon trading, with the NYSE Financial Index fractionally higher and the Financial Select Sector SPDR Fund (XLF) 0.2% lower.

The Philadelphia Housing Index was up 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 0.3%.

Bitcoin (BTC-USD) was increasing 1.5% to $61,699, and the yield for 10-year US Treasuries was shedding 4 basis points to 4.28%.

In economic news, new orders for US durable goods rose 0.1% in May, following a 0.2% gain the previous month, versus expectations for a 0.5% decrease in a survey compiled by Bloomberg.

US gross domestic product was revised higher to a 1.4% increase in Q1 from a 1.3% gain in the previous estimate, in line with a 1.4% increase expected in a survey compiled by Bloomberg. GDP rose by 3.4% in Q4.

In regulatory news, a defendant facing fraud charges has the right to be tried by a jury before a neutral adjudicator as opposed to being compelled by the Securities and Exchange Commission to defend themselves before one of its administrative law judges, the US Supreme Court ruled Thursday. The 6-3 ruling involved a lawsuit filed by hedge fund founder George Jarkesy challenging the SEC's in-house adjudication of securities fraud allegations against him.

In corporate news, Jefferies Financial ( JEF ) shares jumped 6.3% after the company reported fiscal Q2 diluted earnings Wednesday of $0.64 per share, up from $0.05 a year earlier. Three analysts polled by Capital IQ expected $0.63 per share.

Coinbase (COIN), through intermediary History Associates, has filed lawsuits against the US Securities and Exchange Commission and the Federal Deposit Insurance Corp. for not complying with Freedom of Information Act requests. Coinbase shares rose 4.7%.

JPMorgan Chase ( JPM ) said Thursday the US Federal Reserve's 2024 stress test results projections for Other Comprehensive Income benefits appear to be too large. The bank said that, according to its analysis, the resulting stress losses would be modestly higher than those in the Fed estimate. JPMorgan ( JPM ) shares were rising 0.8%.