Financial stocks were rising in Thursday afternoon trading, with the NYSE Financial Index adding 1% and the Financial Select Sector SPDR Fund (XLF) climbing 1.5%.
The Philadelphia Housing Index was down 0.3%, while the Real Estate Select Sector SPDR Fund (XLRE) was advancing 0.7%.
Bitcoin (BTC-USD) was increasing 0.7% to $84,692, and the yield for 10-year US Treasuries was rising 3.8 basis points to 4.30%.
In economic news, US initial jobless claims rose to 242,000 in the week ended Feb. 22 from an upwardly revised 220,000 in the previous week, beating forecasts for 221,000 in a survey compiled by Bloomberg.
US pending home sales fell by 4.6% in January, below the 0.9% drop expected in a survey compiled by Bloomberg and following a 4.1% decrease in December, according to the National Association of Realtors.
In corporate news, Apollo Global Management (APO) is in talks to lead a $35 billion financing package to help Meta (META) develop US-based data centers, Bloomberg reported. Apollo shares rose 1.5%.
Goldman Sachs (GS) has eliminated a section titled "diversity and inclusion" from its 2024 annual filing released Thursday. Goldman shares were up 0.3%.
HSBC (HSBC) is cutting around 900 jobs at its digital wealth unit Pinnacle in China, reducing nearly half of its workforce, Reuters reported. HSBC shares added 0.2%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.