01:52 PM EDT, 10/08/2025 (MT Newswires) -- Financial stocks were narrowly mixed in Wednesday afternoon trading, with the NYSE Financial Index increasing 0.2% and the Financial Select Sector SPDR Fund (XLF) down 0.1%.

The Philadelphia Housing Index was flat and the Real Estate Select Sector SPDR Fund (XLRE) was easing 0.3%.

Bitcoin (BTC-USD) was increasing 2% to $123,825, and the yield for 10-year US Treasuries was shedding 1 basis point to 4.11%.

Mortgage applications in the US fell for a second consecutive week as refinancing activity declined, the Mortgage Bankers Association said Wednesday. The market composite index, which measures loan application volume, dipped 4.7% on a seasonally adjusted basis for the week through Friday, and fell 5% without adjustments.

In corporate news, Jefferies Financial ( JEF ) said Wednesday First Brands filed for bankruptcy on Sept. 29, detailing its exposure to the bankrupt company through Point Bonita Capital and Apex Credit Partners. Morgan Stanley said in a note Wednesday that it calculated Jefferies' maximum potential losses at $44.6 million, lower than the $161 million in some media reports. Jefferies shares were falling 2.8%.

Apollo Global Management ( APO ) is eyeing potential investment opportunities in Spain related to energy transition, data centers and infrastructure, Bloomberg reported, citing the company's senior adviser for Iberia, Konstantin Sajonia-Coburgo. Apollo shares were shedding 0.5%.

Goldman Sachs ( GS ) is marketing a significant risk transfer deal tied to about $5 billion of corporate loans, Bloomberg reported. Goldman shares retreated 0.5%.