01:30 PM EDT, 09/13/2024 (MT Newswires) -- Financial stocks rose in Friday afternoon trading with the NYSE Financial Index gaining 0.5% and the Financial Select Sector SPDR Fund (XLF) up 0.4%.

The Philadelphia Housing Index climbed 2.8%, and the Real Estate Select Sector SPDR Fund (XLRE) advanced 0.5%.

Bitcoin (BTC-USD) rose 2.6% to $59,495, and the yield for 10-year US Treasuries fell 3.2 basis points to 3.648%.

In economic news, the University of Michigan's preliminary consumer sentiment index rose to 69 in September from 67.9 in August, above the expectations for an increase to 68.5 in a survey compiled by Bloomberg.

In corporate news, Ares Management ( ARES ) is holding advanced talks to acquire GLP Capital Partners' operations outside of China, Bloomberg reported. Ares shares rose 2.2%.