03:25 PM EDT, 10/11/2024 (MT Newswires) -- Financial stocks were advancing in late Friday afternoon trading, with the NYSE Financial Index rising 1.6% and the Financial Select Sector SPDR Fund (XLF) climbing 2%.

The Philadelphia Housing Index added 0.8%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 1%.

Bitcoin (BTC-USD) popped 6.5% to $63,190, and the yield for 10-year US Treasuries was decreasing 2 basis points to 4.07%.

In economic news, the US Producer Price Index held steady in September following a 0.2% increase in August and compared with a 0.1% gain expected in a survey compiled by Bloomberg.

The University of Michigan's preliminary consumer sentiment index fell to 68.9 in October from 70.1 in September, compared with expectations for an increase to 71.0 in a survey compiled by Bloomberg.

In corporate news, Affirm (AFRM) shares jumped 13% after Wells Fargo upgraded the stock to overweight from equalweight and increased its price target to $52 from $40.