03:32 PM EDT, 08/02/2024 (MT Newswires) -- Financial stocks fell in late Friday afternoon trading with the NYSE Financial Index dropping 2.8% and the Financial Select Sector SPDR Fund (XLF) down 2.6%.

The Philadelphia Housing Index declined 2%, and the Real Estate Select Sector SPDR Fund (XLRE) eased 0.1%.

Bitcoin (BTC-USD) slumped 3.8% to $62,800, and the yield for 10-year US Treasuries tumbled 18 basis points to 3.79%.

In economic news, nonfarm payrolls expanded 114,000 last month, the Bureau of Labor Statistics said. The consensus was for a 175,000 gain in a survey compiled by Bloomberg.

In corporate news, Morgan Stanley ( MS ) told its financial advisers that the bank will allow them to offer shares of two exchange-traded bitcoin funds to eligible clients starting Wednesday, CNBC reported Friday. Morgan Stanley ( MS ) shares fell 6.1%.