01:47 PM EDT, 07/18/2024 (MT Newswires) -- Financial stocks were decreasing in Thursday afternoon trading, with the NYSE Financial Index shedding 0.3% and the Financial Select Sector SPDR Fund (XLF) off 0.5%.

The Philadelphia Housing Index was climbing 3.4%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.2%.

Bitcoin (BTC-USD) was declining 0.6% to $63,720, and the yield for 10-year US Treasuries was rising 4 basis points to 4.19%.

In economic news, US initial jobless claims rose to 243,000 during the week ended July 13 from the upwardly revised 223,000 level in the previous week, compared with expectations for 229,000 in a Bloomberg survey.

In corporate news, TWFG (TWFG) shares jumped 30% in their trading debut on Nasdaq Thursday after the company priced its initial public offering of 11 million class A shares at $17 apiece to raise about $187 million.

Blackstone (BX) shares popped 3% following its Q2 results.

Equifax ( EFX ) shares spiked 4.4% in recent trading, a day after the company reported Q2 adjusted earnings of $1.82 per share, up from $1.71 a year earlier. Analysts polled by Capital IQ expected $1.73.