01:25 PM EDT, 09/06/2024 (MT Newswires) -- Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index down 1.5% and the Financial Select Sector SPDR Fund (XLF) falling 1.3%.

The Philadelphia Housing Index was rising 0.9%, while the Real Estate Select Sector SPDR Fund (XLRE) was down 0.6%.

Bitcoin (BTC-USD) was dropping 3.5% to $54,205, and the yield for 10-year US Treasuries was slightly lower at 3.73%.

In economic news, nonfarm payrolls climbed by 142,000 last month, the Bureau of Labor Statistics reported. The consensus was for a 165,000 increase in a survey compiled by Bloomberg. July payrolls saw a downward revision to an 89,000 gain and June payrolls were revised down to a 118,000 increase, resulting in a net downward revision of 86,000 jobs.

In corporate news, Coinbase (COIN) shares tumbled past 6%. The company will face a class action lawsuit by its shareholders for misleading them about the risk of a possible legal challenge by a US regulator, a federal judge ruled, according to media reports.