03:27 PM EDT, 07/26/2024 (MT Newswires) -- Financial stocks rose late Friday afternoon with the NYSE Financial Index adding 1.4% and the Financial Select Sector SPDR Fund (XLF) up 1.6%.

The Philadelphia Housing Index jumped 3.2%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 1.8%.

Bitcoin (BTC-USD) advanced 3% to $67,739, and the yield for 10-year US Treasuries dropped 5.6 basis points to 4.20%.

In economic news, the pace of US consumer spending growth eased in June while the Federal Reserve's preferred inflation metric held steady on an annual basis, government data showed.

In regulatory news, the US Securities and Exchange Commission charged short seller Andrew Left and his firm Citron Capital for allegedly engaging in a $20 million fraud scheme through false and misleading stock trading recommendations.

In corporate news, JPMorgan Chase ( JPM ) unveiled a generative artificial intelligence tool that it said can do the job of a research analyst, media outlets reported. JPMorgan ( JPM ) shares rose 1.8%.