Sector Update: Financial

Financial stocks climbed in late Wednesday afternoon trading, with the NYSE Financial Index rising 2.8% and the State Street Financial Select Sector SPDR ETF (XLF) adding 2.4%.The Philadelphia Housing Index gained 4.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) advanced 1.7%.Bitcoin (BTC-USD) was declining 1% to $71,190, and the yield for 10-year US Treasuries fell 5.2 basis points to 4.29%.In corporate news, LPL Financial (LPLA) shares popped 4.6% after UBS upgraded its rating on the company's stock to buy from neutral and adjusted its price target to $380 from $406.

-- Financial stocks climbed in late Wednesday afternoon trading, with the NYSE Financial Index rising 2.8% and the State Street Financial Select Sector SPDR ETF (XLF) adding 2.4%.

The Philadelphia Housing Index gained 4.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) advanced 1.7%.

Bitcoin (BTC-USD) was declining 1% to $71,190, and the yield for 10-year US Treasuries fell 5.2 basis points to 4.29%.

In corporate news, LPL Financial (LPLA) shares popped 4.6% after UBS upgraded its rating on the company's stock to buy from neutral and adjusted its price target to $380 from $406.