01:30 PM EDT, 08/30/2024 (MT Newswires) -- Financial stocks edged higher in 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 0.4%, and the Real Estate Select Sector SPDR Fund (XLRE) was little changed.

Bitcoin (BTC-USD) declined 1.5% to $58,461, and the yield for 10-year US Treasuries rose 3.8 basis points to 3.905%.

In economic news, the personal consumption expenditures price index increased as expected by 0.2% in July, following a 0.1% gain in June. The year-over-year rate was unchanged from the 2.5% increase in the previous month. The core PCE price index increased 0.2% for the second month in a row, matching forecasts. The year-over-year rate remained at 2.6% for the third straight month.

The Institute for Supply Management's Chicago PMI reading rose to 46.1 in August from 45.3 in July, compared with the expected 44.8 print in a survey compiled by Bloomberg.

The University of Michigan consumer sentiment index was revised upward to 67.9 for August from 67.8 in the preliminary estimate, compared with expectations for 68.1 in a survey compiled by Bloomberg.

In corporate news, KeyCorp ( KEY ) said an initial purchase of its shares was completed by Scotiabank (BNS) with an investment of $800 million, boosting the Toronto-based bank's stake to 4.9%. KeyCorp ( KEY ) shares fell 0.2% and Scotiabank rose 0.7%.