03:50 PM EST, 02/26/2025 (MT Newswires) -- Financial stocks eased in late Wednesday afternoon trading with the NYSE Financial Index dropping 0.1% and the Financial Select Sector SPDR Fund (XLF) little changed, paring earlier losses.

The Philadelphia Housing Index fell 1%, and the Real Estate Select Sector SPDR Fund (XLRE) declined 0.4%.

Bitcoin (BTC-USD) dropped 6.4% to $82,998, and the yield for 10-year US Treasuries fell 4.6 basis points to 4.255%.

In economic news, US new home sales fell to a 657,000 annual rate in January from an upwardly revised 734,000 rate in December, below the 680,000 rate expected in a survey compiled by Bloomberg.

Mortgage applications fell by 1.2% in the week ended Friday as a more pessimistic view of the economy offset a drop in mortgage rates, according to Mortgage Bankers Association data.

In corporate news, Flywire ( FLYW ) shares tumbled 38%. The company reported a Q4 net loss late Tuesday of $0.12 per diluted share, swinging from earnings of $0.01 a year earlier. Analysts polled by FactSet expected a loss of $0.01.

SiriusPoint ( SPNT ) shares rose 2%, a day after the company priced a secondary stock offering and announced an equity repurchase.

Lemonade (LMND) shares dropped 2.3% after Q1 and 2025 revenue guidance trailed estimates by analysts.

NatWest ( NWG ) is working on a significant risk transfer tied to a portfolio of leveraged loans totaling 1 billion British pounds ($1.3 billion), Bloomberg reported. NatWest ( NWG ) shares rose 2.2%.