03:48 PM EDT, 05/30/2025 (MT Newswires) -- Financial stocks rose in late Friday afternoon trading, with the NYSE Financial Index adding 0.4% and the Financial Select Sector SPDR Fund (XLF) up 0.2%.

The Philadelphia Housing Index shed 0.3%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.1%.

Bitcoin (BTC-USD) fell 1.2% to $104,572, and the yield for 10-year US Treasuries eased 2.6 basis points to 4.40%.

In economic news, President Donald Trump alleged that China breached a preliminary trade agreement brokered by US Treasury Secretary Scott Bessent.

The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, rose by 0.1%, as expected, after a flat reading in March, trimming the year-over-year rate to 2.1% from 2.3%. The core PCE price index, which excludes food and energy prices, increased by 0.1%, also in line with expectations and following a 0.1% gain in March. The year-over-year rate slowed to 2.5% from 2.7% in the previous month.

In corporate news, HSBC ( HSBC ) is closing a division that serves small and midsize firms in the US, The Wall Street Journal reported. HSBC ( HSBC ) shares rose 0.2%.

NatWest ( NWG ) shares added 0.3% after it said Friday it returned to full private ownership after the UK government sold its remaining stake in the group to end a 17-year state ownership since the global financial crisis.

Nomura (NMR) Chief Executive Kentaro Okuda said the Japanese investment bank and brokerage remains committed to growing its US business despite market uncertainty surrounding tariffs, news outlets reported. Nomura shares gained 1.1%.

Brookfield Asset Management ( BAM ) is looking to raise about $3 billion in debt to finance the acquisition of Colonial Enterprises, Bloomberg reported. Brookfield shares increased 0.5%.