01:37 PM EDT, 11/01/2024 (MT Newswires) -- Financial stocks advanced in Friday afternoon trading with the NYSE Financial Index up 0.5% and the Financial Select Sector SPDR Fund (XLF) rising 0.8%.

The Philadelphia Housing Index added 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.8%.

Bitcoin (BTC-USD) dropped 0.4% to $70,061, and the yield for 10-year US Treasuries 5.7 basis points to 4.34%.

In economic news, the Bureau of Labor Statistics reported nonfarm payrolls climbed 12,000 in October. The consensus was for a 100,000 increase in a survey compiled by Bloomberg.

In corporate news, Mid Penn Bancorp ( MPB ) agreed to buy William Penn Bancorporation (WMPN) for $127 million in stock. Mid Penn shares dropped 3.8%, and William Penn shares fell 3.5%.