03:56 PM EDT, 09/24/2025 (MT Newswires) -- Financial stocks were decreasing in late Wednesday afternoon trading, with the NYSE Financial Index shedding 0.6% and the Financial Select Sector SPDR Fund (XLF) off 0.4%.

The Philadelphia Housing Index was up 0.1%, and the Real Estate Select Sector SPDR Fund (XLRE) was decreasing 0.9%.

Bitcoin (BTC-USD) was increasing 1.4% to $113,663, and the yield for 10-year US Treasuries was rising 3 basis points to 4.15%.

In economic news, US new home sales jumped by 20.5% to an 800,000 annual rate in August from an upwardly revised 664,000 annual rate in July, compared with a decrease to 650,000 expected in a survey compiled by Bloomberg.

Mortgage applications rose by 0.6% in the week ended Sept. 19 due to a further decline in 30-year fixed mortgage rates to their lowest point since September 2024, according to Mortgage Bankers Association data.

In corporate news, JPMorgan Chase ( JPM ) is adding its dedicated service targeting single-digit millionaires called JPMorgan Private Client to 53 of its branches in affluent areas of New York, Connecticut, Florida, and Texas, Bloomberg reported. JPMorgan ( JPM ) shares rose 0.1%.

Charles Schwab ( SCHW ) plans to offer greater access for retail investors to access stakes in private companies, Bloomberg reported, citing an interview with Chief Executive Rick Wurster. Charles Schwab ( SCHW ) shares were down 1.8%.

Douglas Elliman's ( DOUG ) trading activity ahead of reports of a takeover bid by Anywhere Real Estate ( HOUS ) is being investigated by the Financial Industry Regulatory Authority, Reuters reported. Douglas Elliman ( DOUG ) shares were down 2.8% while Anywhere shares were up 0.4%.

UBS (UBS) plans to increase payouts for its US wealth advisers starting Jan. 1 as part of efforts to maintain retention and boost recruitment amid rising competition for talent, Bloomberg reported. UBS shares were down 1.3%.