01:33 PM EDT, 07/05/2024 (MT Newswires) -- Financial stocks fell in Friday afternoon trading with the NYSE Financial Index down 0.5% and the Financial Select Sector SPDR Fund (XLF) shedding 0.4%.

The Philadelphia Housing Index dropped 1%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.2%.

Bitcoin (BTC-USD) declined 0.5% to $56,756, and the yield for 10-year US Treasuries dropped 7 basis points to 4.28%.

In economic news, the June employment report showed nonfarm payrolls rose by 206,000, above the 190,000 increase expected in a survey compiled by Bloomberg.

In corporate news, JPMorgan Chase ( JPM ) unit Chase Bank is planning to pass on the costs of new rules capping overdraft and late fees to its customers should they become law in their current form, The Wall Street Journal reported. JPMorgan Chase ( JPM ) shares fell 1.4%.