03:38 PM EDT, 10/31/2024 (MT Newswires) -- Financial stocks fell in late Thursday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both shedding 0.9%.

The Philadelphia Housing Index dropped 0.4%, and the Real Estate Select Sector SPDR Fund (XLRE) declined 1.4%.

Bitcoin (BTC-USD) fell 2.4% to $70,593, and the yield for 10-year US Treasuries rose 2 basis points to 4.28%.

In economic news, the PCE price index rose by 0.2%, as expected, trimming the year-over-year rate to 2.1% from 2.3% in August. The price index rose 0.1% month-over-month in August. The core PCE price index increased as expected by 0.3% versus a 0.2% gain in August. The year-over-year rate remained at 2.7%.

The Institute for Supply Management's Chicago PMI reading fell to 41.6 in October from 46.6 in September, compared with an expected 47.0 print in a survey compiled by Bloomberg.

US initial jobless claims last week fell to 216,000 from an upwardly revised 228,000 level in the previous week, compared with expectations for 230,000 in a Bloomberg survey.

In corporate news, Blackstone (BX) is nearing a 7 billion Canadian dollar ($5.03 billion) deal for a minority stake in Rogers Communications' ( RCIAF ) wireless infrastructure business, Bloomberg reported. Blackstone shares fell 2.1%, and Rogers dropped 1%.

Root (ROOT) shares soared 68%, a day after the company posted a Q3 profit with higher revenue.

Robinhood (HOOD) shares tumbled 16%, a day after Q3 results trailed market expectations.

BlackRock ( BLK ) got the go-ahead from Saudi Arabia to establish regional headquarters in Riyadh, Bloomberg reported. BlackRock ( BLK ) shares added 0.3%.