Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index up 0.6% and the Financial Select Sector SPDR Fund (XLF) adding 1.1%.

The Philadelphia Housing Index was falling 2.3%, and the Real Estate Select Sector SPDR Fund (XLRE) was easing 0.2%.

Bitcoin (BTC-USD) was dropping 5.8% to $98,185, while the yield for 10-year US Treasuries spiked 8.4 basis points to 4.58%.

In economic news, US gross domestic product was revised upward to a 3.1% increase in Q3 from a 2.8% gain in the previous estimate, above an unrevised 2.8% increase expected in a survey compiled by Bloomberg. GDP rose by 3% in Q2.

The Conference Board's measure of leading indicators rose by 0.3% in November, in contrast with expectations for a 0.1% decline in a survey compiled by Bloomberg and following a 0.4% decrease in October.

In corporate news, Capital One Financial (COF) shares added 0.8% after it said Thursday that it received approval from the Office of the Delaware State Bank Commissioner to complete its acquisition of Discover Financial Services (DFS) and its Discover Bank subsidiary. Discover shares rose 1.3%.

Accenture (ACN) lifted its full-year revenue growth outlook on Thursday as it logged better-than-expected fiscal Q1 results, buoyed by gains across all markets and industry groups. Its shares popped past 7%.

Banco Santander's (SAN) Brazil unit and Banco BRG Pactual are among the companies in talks to buy Julius Baer's Brazil unit, Bloomberg reported. Banco Santander shares shed 0.8%.