01:51 PM EDT, 07/10/2024 (MT Newswires) -- Financial stocks were mixed in Wednesday afternoon trading with the NYSE Financial Index rising 0.1% and the Financial Select Sector SPDR Fund (XLF) shedding 0.1%.

The Philadelphia Housing Index climbed 1.9% and the Real Estate Select Sector SPDR Fund (XLRE) eased 0.1%.

Bitcoin (BTC-USD) fell 0.8% to $57,572, and the yield for 10-year US Treasuries dropped 2 basis points to 4.28%.

In regulatory news, President Joe Biden will nominate Office of Management and Budget official Julie Siegel for a commissioner seat at the Commodity Futures Trading Commission, Politico reported.

In corporate news, Visa (V) and Mastercard ( MA ) face the prospect of elevated regulatory activity that may limit multiple expansion, BofA Securities said, downgrading the credit-card companies to neutral from buy. Visa shares fell 1.7%, and Mastercard ( MA ) dropped 3.1%.

Capital Bancorp ( CBNK ) shares rose 0.7% after the company said Wednesday it received regulatory approval from the Federal Reserve Bank of Richmond for its planned acquisition of Integrated Financial.

HSBC ( HSBC ) is reorganizing parts of its investment bank to make it similar to rivals like Citigroup (C), Bloomberg reported Wednesday. HSBC ( HSBC ) shares added 0.4%.