03:32 PM EDT, 08/08/2024 (MT Newswires) -- Financial stocks were higher in late Thursday afternoon trading with the NYSE Financial Index rising 1.6% and the Financial Select Sector SPDR Fund (XLF) gaining 1.7%.

The Philadelphia Housing Index climbed 2.1%, and the Real Estate Select Sector SPDR Fund (XLRE) increased 0.9%.

Bitcoin (BTC-USD) jumped 8.4% to $59,783, and the yield for 10-year US Treasuries rose 3 basis points to 3.99%.

In economic news, US initial jobless claims last week fell by 17,000 to 233,000 from an upwardly revised 250,000 level in the previous week, compared with expectations for a smaller decrease to 240,000 in a survey of analysts compiled by Bloomberg.

In corporate news, Coinbase (COIN) shares jumped 8.7%. A federal court ordered Ripple Labs to pay a portion of what the US Securities and Exchange Commission sought in a civil suit, a result that bodes well for Coinbase's own case with the watchdog, Bloomberg reported Thursday.