From Nasdaq:

Financial stocks fell in Thursday afternoon trading with the NYSE Financial Index dropping 0.9% and the Financial Select Sector SPDR Fund (XLF) down 0.7%. The Philadelphia Housing Index declined 0.6%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 1.1%.

Bitcoin (BTC-USD) fell 0.5% to $46,460, and the yield for 10-year US Treasuries was little changed at 4.02%. The US seasonally adjusted consumer price index rose 0.3% in December from a 0.1% increase in November, according to the Bureau of Labor Statistics. On a year-over-year basis, the headline CPI accelerated to 3.4% from 3.1%.

US initial jobless claims fell sequentially to 202,000 during the week ended Jan. 6 from an upwardly revised 203,000. First Financial Northwest agreed to sell its First Financial Northwest Bank unit to Global Federal Credit Union for $231.2 million in cash, causing shares to soar 48%.

Coinbase fell 6.5% and Robinhood declined 3.2%, a day after the US Securities and Exchange Commission approved the listing and trading of several bitcoin exchange-traded funds. Citigroup dropped 2.3% after the bank said it recorded a $1.3 billion reserve build in Q4 tied to increases in transfer risk related to exposure outside the US, notably Argentina and Russia.



Read more: Financial Sector Update for 01/11/2024: FFNW, COIN, HOOD, C