03:16 PM EDT, 09/06/2024 (MT Newswires) -- Financial stocks declined in late Friday afternoon trading, with the NYSE Financial Index falling 1.6% and the Financial Select Sector SPDR Fund (XLF) dropping 1.4%.

The Philadelphia Housing Index was rising 0.8%, while the Real Estate Select Sector SPDR Fund (XLRE) was down 0.3%.

Bitcoin (BTC-USD) was dropping 4.4% to $53,734, and the yield for 10-year US Treasuries was down 2 basis points to 3.71%.

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, Wheeler Real Estate Investment Trust ( WHLR ) shares surged past 140% after an appeals court affirmed the dismissal of a class action lawsuit filed against the company.