01:31 PM EDT, 06/14/2024 (MT Newswires) -- Financial stocks were decreasing in Friday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each shedding 0.3%.

The Philadelphia Housing Index was falling 1.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was fractionally lower.

Bitcoin (BTC-USD) was declining 2% to $65,441, and the yield for 10-year US Treasuries was decreasing 2.1 basis points to 4.22%.

In economic news, preliminary results from the University of Michigan's Surveys of Consumers showed that US consumer sentiment dropped to 65.6 this month from 69.1 in May. The consensus was for an increase to 72 in a survey compiled by Bloomberg.

US home sales in May slumped to one of the lowest levels on record as prices reached an all-time high and demand continued to outpace supply, a Redfin (RDFN) report showed.

In corporate news, Sound Point Meridian Capital ( SPMC ) was down more than 4% in its Friday trading debut on the New York Stock Exchange.