01:37 PM EST, 01/03/2025 (MT Newswires) -- Financial stocks advanced in Friday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both rising 0.5%.

The Philadelphia Housing Index and the Real Estate Select Sector SPDR Fund (XLRE) both climbed 1.3%.

Bitcoin (BTC-USD) gained 1.5% to $98,361, and the yield for 10-year US Treasuries was little changed at 4.58%.

In economic news, the Institute for Supply Management's US manufacturing index rose to 49.3 in December from 48.4 in November, compared with expectations for a 48.2 reading in a survey compiled by Bloomberg.

In corporate news, BlackRock's ( BLK ) iShares Bitcoin Trust ETF (IBIT) recorded a net outflow of $333 million on Thursday, a record since the launch, Bloomberg reported. BlackRock ( BLK ) shares were little changed.