03:28 PM EDT, 04/12/2024 (MT Newswires) -- Financial stocks were falling in late Friday afternoon trading, with the NYSE Financial Index dropping 1.7% and the Financial Select Sector SPDR Fund (XLF) down 1.4%.

The Philadelphia Housing Index was shedding 0.5% and the Real Estate Select Sector SPDR Fund (XLRE) was sliding 1.3%.

Bitcoin (BTC-USD) tumbled 4.6% at $66,818, and the yield for 10-year US Treasuries was falling 8 basis points to 4.50%.

In economic news, the University of Michigan's preliminary consumer sentiment index fell to 77.9 in April from 79.4 in March, below expectations for a drop to 79 in a Bloomberg survey. Respondents saw one-year inflation expectations at 3.1%, up from 2.9% in March, while five-year inflation expectations increased to 3% from 2.8%.

In corporate news, Credicorp ( BAP ) and four other investment advisory firms agreed to pay $200,000 in combined penalties to settle charges over alleged marketing rule violations, the US Securities and Exchange Commission said. Credicorp ( BAP ) fell 3%.