03:52 PM EDT, 04/10/2025 (MT Newswires) -- Financial stocks fell in late Thursday afternoon trading, with the NYSE Financial Index dropping 3.6% and the Financial Select Sector SPDR Fund (XLF) sliding 4.2%.

The Philadelphia Housing Index shed 4.1%, and the Real Estate Select Sector SPDR Fund (XLRE) retreated 3.2%.

Bitcoin (BTC-USD) declined 3.7% to $79,494, and the yield for 10-year US Treasuries was little changed around 4.39%.

In economic news, the US tariff rate on goods coming from China now totals 145%, CNBC reported, citing confirmation from a White House official. Trump's executive order on Wednesday raised the tariff rate on China to 125% from 84%, but that hike comes on top of a 20% fentanyl-related tariff that Trump previously levied on the nation, the report said.

The consumer price index decreased 0.1% in March, compared with the Bloomberg-polled consensus for a 0.1% increase. Prices were up 0.2% in February. Annually, inflation cooled to 2.4% in March from the previous month's 2.8% pace and came in below Wall Street's estimate for 2.5%.

In corporate news, T. Rowe Price ( TROW ) shares dropped 5.6%. It reported preliminary assets under management of $1.57 trillion as of March 31, down from $1.63 trillion in February.

Blackstone (BX) said Thursday that Core+ funds affiliated with Blackstone Real Estate will buy a 95% stake in a 6 million-square-foot industrial portfolio developed by Crow Holdings for $718 million. Blackstone shares fell 8%.

Block (XYZ) will pay a $40 million penalty for major failures in its anti-money laundering compliance program on the Cash App platform, the New York State Department of Financial Services said. Block shares fell 6.3%.

UBS (UBS) plans to move ahead with a $3 billion share buyback this year even with new capital rules and economic instability, Reuters reported, citing Chairman Colm Kelleher at the bank's annual meeting. UBS shares dropped 3.5%.