03:48 PM EST, 01/02/2025 (MT Newswires) -- Financial stocks decreased in late Thursday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each shedding 0.2%.

The Philadelphia Housing Index dropped 1.3%, and the Real Estate Select Sector SPDR Fund (XLRE) declined 1%.

Bitcoin (BTC-USD) increased 3% to $97,343, and the yield for 10-year US Treasuries was down one basis point at 4.57%.

In economic news, US initial jobless claims last week fell to 211,000 from an upwardly revised 220,000 in the previous week, in contrast with expectations for an increase to 221,000 in a survey compiled by Bloomberg.

The S&P Global US manufacturing index for December was revised upward to 49.4 from the flash reading of 48.3, compared with expectations for no revision in a Bloomberg poll of analysts.

In corporate news, Interactive Brokers ( IBKR ) shares rose 3.4% after daily average revenue trades in December rose 66% to 3.3 million from a year earlier.

Cushman & Wakefield ( CWK ) shares fell over 3% after Jefferies downgraded the company's stock to hold from buy and cut its price target to $14 from $18.

Thomson Reuters ( TRI ) acquired cPaperless, doing business as SafeSend, for $600 million in cash to expand in tax automation. Thomson Reuters ( TRI ) shares added 0.3%.

Morgan Stanley ( MS ) is leaving the Net-Zero Banking Alliance, Bloomberg reported. Morgan Stanley ( MS ) shares shed 0.4%.