03:24 PM EDT, 10/25/2024 (MT Newswires) -- Financial stocks were declining in late Friday afternoon trading, with the NYSE Financial Index down 0.9% and the Financial Select Sector SPDR Fund (XLF) falling 1%.

The Philadelphia Housing Index dropped 1.3%, and the Real Estate Select Sector SPDR Fund (XLRE) was easing 0.4%.

Bitcoin (BTC-USD) was falling 2.2% to $66,664, while the yield for 10-year US Treasuries was rising 3 basis points to 4.23%.

In economic news, the University of Michigan consumer sentiment index was revised upwards to 70.5 for October from the 68.9 preliminary estimate, which compares with expectations for 69.1 in a survey compiled by Bloomberg.

New orders for US durable goods fell 0.8% in September, in line with the previous month while a survey compiled by Bloomberg expected a 1% decrease.

In corporate news, Santander (SAN) has started a fresh wave of layoffs at its UK unit to cut costs, Bloomberg reported. Santander shares were falling 1.3%.