03:26 PM EDT, 06/14/2024 (MT Newswires) -- Financial stocks were decreasing in late Friday afternoon trading with the NYSE Financial Index down 0.5% and the Financial Select Sector SPDR Fund (XLF) easing 0.3%.

The Philadelphia Housing Index dropped 1.1%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.2%.

Bitcoin (BTC-USD) declined 2.2% to $65,295, and the yield for 10-year US Treasuries fell 3 basis points to 4.21%.

In economic news, preliminary results from the University of Michigan's Surveys of Consumers showed that US consumer sentiment dropped to 65.6 this month from 69.1 in May. The consensus was for an increase to 72 in a survey compiled by Bloomberg.

US home sales in May slumped to one of the lowest levels on record as prices reached an all-time high and demand continued to outpace supply, a Redfin (RDFN) report showed.

In corporate news, La Rosa (LRHC) shares surged past 120% after the company said Friday it has filed a request to withdraw its registration statement with the US Securities and Exchange Commission as it no longer plans to proceed with its securities public offering at this time.