Financial stocks fell in Wednesday afternoon trading with the NYSE Financial Index declining 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.8%.

The Philadelphia Housing Index rose 1.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) gained 0.1%.

Bitcoin (BTC-USD) fell 1.6% to $74,905, and the yield for 10-year US Treasuries was little changed at 4.49%.

In economic news, Redbook US same-store sales last week jumped 9% from a year earlier after an 8.1% gain in the prior week.

The Dallas Federal Reserve's monthly general business services index improved to minus 7.7 in May from minus 9.9 in April, versus the expected minus 6.0.

The Richmond Fed's monthly manufacturing index rose to 13 in May from 3 in April, more than the 4 estimate in a Bloomberg survey.

In corporate news, JPMorgan Chase (JPM) CEO Jamie Dimon said at a conference that acquisition opportunities may emerge in the next couple of years. "We have great businesses and we want to continue to build them," Dimon said, according to a transcript. "But I do think there might be in the next couple of years a chance to put $10 billion or $20 billion to work buying something." JPMorgan shares fell 3%.

Robinhood (HOOD) is launching Agentic Trading and Agentic Credit Card, new tools that let users deploy AI agents to trade and make credit purchases on their behalf. The shares rose 1.9%.

Carlyle (CG) introduced a middle-market aerospace, defense, and industrial investment platform focusing on deals in the US and Europe. The shares rose 0.5%.