03:27 PM EDT, 06/28/2024 (MT Newswires) -- Financial stocks edged up in late Friday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both up 0.1%.

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

Bitcoin (BTC-USD) was declining 2.2% to $60,275, and the yield for 10-year US Treasuries was rising 6 basis points to 4.34%.

In economic news, personal consumption expenditures increased 0.2% in May from the downwardly revised 0.1% the month prior, according to the Bureau of Economic Analysis.

The University of Michigan consumer sentiment index was revised upward to 68.2 for June from the 65.6 print in the preliminary estimate, compared with expectations for 66 in a survey compiled by Bloomberg.

In regulatory news, the US Supreme Court limited the ability of the Securities and Exchange Commission and other government agencies to impose penalties using in-house administrative hearings rather than the court system.

In corporate news, Chubb ( CB ) shares fell 3% after William Blair downgraded the stock to underperform from market perform.