01:35 PM EDT, 05/24/2024 (MT Newswires) -- Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 0.7% and the Financial Select Sector SPDR Fund (XLF) ahead 0.5%.

The Philadelphia Housing Index was climbing 1.3% and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.2%.

Bitcoin (BTC-USD) was increasing 0.9% to $68,533, and the yield for 10-year US Treasuries was slightly lower at about 4.47%.

In economic news, the University of Michigan consumer sentiment index was revised upward on Friday to a reading of 69.1 for May from the 67.4 print in the preliminary estimate, compared with expectations for a smaller upward revision to 67.7 in a survey compiled by Bloomberg.

New orders for US durable goods rose by 0.7% in April following a downwardly revised gain of 0.8%, compared with expectations for a 0.8% decrease in a survey compiled by Bloomberg.

In other news, Kristin Johnson, a Democratic commissioner at the Commodity Futures Trading Commission, is a leading candidate to replace Martin Gruenberg as the chair of the Federal Deposit Insurance Corp., Bloomberg reported Friday.

In corporate news, Capital One Financial ( COF ) and Walmart ( WMT ) said Friday they have ended their card partnership for Capital One to be the exclusive issuer of Walmart ( WMT ) consumer credit cards. Capital One shares were rising 0.5% and Walmart ( WMT ) was up 0.6%.