01:59 PM EDT, 06/12/2025 (MT Newswires) -- Financial stocks eased in Thursday afternoon trading, with the NYSE Financial Index fractionally lower and the Financial Select Sector SPDR Fund (XLF) each down about 0.2%.

The Philadelphia Housing Index was adding 0.9%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.5%.

Bitcoin (BTC-USD) was shedding 0.4% to $108,269, and the yield for 10-year US Treasuries was dropping 6.6 basis points to 4.36%.

In economic news, the US Producer Price Index rose by 0.1% in May, following a 0.2% decrease in April and below the 0.2% gain expected in a survey compiled by Bloomberg.

US initial jobless claims were flat at a level of 248,000 in the week ended June 7 after an upward revision to the previous week's level, above expectations for 242,000 in survey of analysts compiled by Bloomberg.

In corporate news, Bank of America ( BAC ) expects Q2 investment banking fees to decrease roughly 25%, Bloomberg reported, citing Chief Executive Brian Moynihan. The bank's shares were down 0.4%.

Bank of New York Mellon ( BK ) shares eased 0.1% after it said Chief Executive Robin Vince has been elected to the additional position of chairman of the board, starting Sept. 1.

NatWest ( NWG ) has started relocating its wealth management operations from Switzerland to the UK, aiming to cut costs, Bloomberg reported, citing Chief Executive Paul Thwaite at an investor conference. NatWest ( NWG ) shares rose 1.4%.