03:56 PM EDT, 09/25/2025 (MT Newswires) -- Financial stocks fell in late Thursday afternoon trading, with the NYSE Financial Index down 0.4% and the Financial Select Sector SPDR Fund (XLF) shedding 0.3%.

The Philadelphia Housing Index declined 1.2%, and the Real Estate Select Sector SPDR Fund (XLRE) eased 0.1%.

Bitcoin (BTC-USD) fell 3.5% to $109,494, and the yield for 10-year US Treasuries rose 2.3 basis points to 4.17%.

In economic news, US economic growth, measured by gross domestic product, was revised up to a 3.8% increase in Q2 from a 3.3% gain in the previous estimate, compared with expectations for no revision in a survey compiled by Bloomberg.

US initial jobless claims last week fell to 218,000 from an upwardly revised 232,000 in the previous week, compared with expectations for an increase to 233,000 in a Bloomberg survey.

New orders for US durable goods rebounded by 2.9% in August following a decline of 2.7% in July, compared with expectations for a 0.3% drop in a survey compiled by Bloomberg.

In corporate news, HSBC ( HSBC ) said a trial conducted with IBM (IBM) to explore the use of quantum computers in optimizing bond trading showed "promising" results. HSBC ( HSBC ) shares were down 1.4%.

Blackstone (BX) is exploring its options for Ancestry.com, including an initial public offering or a sale of the business, Reuters reported. Blackstone shares fell 1.4%.

Citigroup ( C ) is shifting about 1,000 tech jobs to its business support centers in India, months after announcing cuts to its workforce in China, Bloomberg reported. Citi shares rose 0.2%.

Banco Santander (SAN) will likely shed 40 billion euros ($46.79 billion) to 45 billion euros of credit risk via significant transfers and other tools next year, Bloomberg reported, quoting preliminary estimates provided by Sergio Gamez, Santander's global head of capital, profitability management and asset desk. Santander shares fell 0.7%.