01:33 PM EDT, 10/11/2024 (MT Newswires) -- Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 1.5% and the Financial Select Sector SPDR Fund (XLF) climbing 1.7%.

The Philadelphia Housing Index added 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.7%.

Bitcoin (BTC-USD) was increasing 3.6% to $62,300, and the yield for 10-year US Treasuries was decreasing 3 basis points to 4.07%.

In economic news, the US Producer Price Index held steady in September following a 0.2% increase in August and compared with a 0.1% gain expected in a survey compiled by Bloomberg.

The University of Michigan's preliminary consumer sentiment index fell to 68.9 in October from 70.1 in September, compared with expectations for an increase to 71.0 in a survey compiled by Bloomberg.

In corporate news, JPMorgan Chase's ( JPM ) Q3 earnings unexpectedly rose year over year while revenue topped market estimates, buoyed by gains in its investment banking operations. Its shares jumped 4.6%.