01:32 PM EDT, 06/21/2024 (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 0.5%.

The Philadelphia Housing Index was down 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was steady.

Bitcoin (BTC-USD) was dropping 2% to $63,469, and the yield for 10-year US Treasuries was rising almost 1.1 basis points to 4.27%.

In economic news, data from S&P Global showed the US private-sector composite output index edged up to 54.6 this month from 54.5 in May, above the 53.5 consensus in a survey compiled by Bloomberg.

Existing-home sales in the US dropped 0.7% in May to a seasonally adjusted annual rate of 4.11 million as the median sales price jumped to a record high, the National Association of Realtors said. The consensus on Bloomberg was for a 4.08 million print.

In corporate news, KKR (KKR) said Friday it has acquired European live entertainment group Superstruct Entertainment from private equity firm Providence Equity Partners. Financial terms of the transaction weren't disclosed, but the Financial Times pegged the deal value at 1.30 billion British pounds ($1.64 billion). KKR shares were falling 3%.