03:48 PM EST, 11/08/2024 (MT Newswires) -- Financial stocks were advancing in late Friday afternoon trading, with the NYSE Financial Index up 0.7% and the Financial Select Sector SPDR Fund (XLF) rising 1%.

The Philadelphia Housing Index was climbing 1%, and the Real Estate Select Sector SPDR Fund (XLRE) added 1.8%.

Bitcoin (BTC-USD) was increasing 0.9% to $76,565, and the yield for 10-year US Treasuries was dropping 4 basis points to 4.31%.

In economic news, the University of Michigan's preliminary consumer sentiment index rose to 73.0 in November from 70.5 in October, above expectations for an increase to 71.0 in a survey compiled by Bloomberg.

In corporate news, Brookfield Asset Management's ( BAM ) Healthscope unit has secured a covenant waiver on its AU$1.6 billion ($1.1 billion) loan from lenders, Bloomberg reported. Brookfield shares were rising 0.4%.

Shift4 Payments' ( FOUR ) expected growth ramp in H2 is achievable on the back of seasonality benefits, a "healthy" contract pipeline, strong SkyTab performance, and international expansion, Morgan Stanley said in a report. Morgan Stanley reiterated its equal-weight rating for the company and raised its price price target to $95 from $70. Shift4 shares popped 2.6%.

Invesco ( IVZ ) has agreed to pay a $17.5 million fine to settle US Securities and Exchange Commission charges that it made misleading statements about the percentage of its assets that were invested according to environmental, social and governance factors. Invesco ( IVZ ) shares fell nearly 2%.

Sezzle ( SEZL ) shares surged 68%. The company reported late Thursday Q3 adjusted net income and revenue that increased year over year and beat analysts' estimates.