Sector Update: Financial Stocks Advance Late Afternoon

() -- Financial stocks were higher in late Thursday afternoon trading, with the NYSE Financial Index rising 1% and the State Street Financial Select Sector SPDR ETF (XLF) adding 1.1%. The Philadelphia Housing Index was 0.1% lower, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.8%. Bitcoin (BTC-USD) was climbing 2.3% to $61,570, and the yield for 10-year US Treasuries rose 1 basis point to 4.485%. In economic news, the June employment report showed nonfarm payrolls rose by 57,000, according to the Bureau of Labor Statistics, below the 113,000 jump expected in a Bloomberg-compiled survey. May payrolls were revised downward to a 129,000 gain, and April payrolls were revised down to a 148,000 expansion, for a net downward revision of 74,000 jobs. In corporate news, CME (CME) said its average daily volume in June rose 19% to a record for the month of 30.6 million contracts from a year earlier, while Q2 ADV reached 29.8 million contracts, the second-highest for the period in the exchange operator's history. Its shares added 2.3%. Blackstone's (BX) QTS is scrapping its plans to build a portion of a large data center campus in Virginia after receiving significant.