03:29 PM EST, 11/08/2024 (MT Newswires) -- Financial stocks were advancing in late Friday afternoon trading, with the NYSE Financial Index up 0.7% and the Financial Select Sector SPDR Fund (XLF) ahead 1.2%.

The Philadelphia Housing Index was climbing 1.1%, and the Real Estate Select Sector SPDR Fund (XLRE) added 1.8%.

Bitcoin (BTC-USD) was increasing 0.9% to $76,565, and the yield for 10-year US Treasuries was dropping 4 basis points to 4.31%.

In economic news, the University of Michigan's preliminary consumer sentiment index rose to 73.0 in November from 70.5 in October, above expectations for an increase to 71.0 in a survey compiled by Bloomberg.

In corporate news, Brookfield Asset Management's ( BAM ) Healthscope unit has secured a covenant waiver on its AU$1.6 billion ($1.1 billion) loan from lenders, Bloomberg reported. Brookfield shares were rising 0.4%.