03:32 PM EST, 01/31/2025 (MT Newswires) -- Financial stocks fell in late Friday afternoon trading with the NYSE Financial Index down 0.7% and the Financial Select Sector SPDR Fund (XLF) decreasing 0.5%.

The Philadelphia Housing Index dropped 2.5%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.4%.

Bitcoin (BTC-USD) fell 2.7% to $101,916, and the yield for 10-year US Treasuries rose 6.2 basis point to 4.581%.

In economic news Friday, US Bureau of Economic Analysis data showed the personal consumption expenditures price index rose 0.3% in December, as expected in a survey compiled by Bloomberg.

In other news, President Donald Trump will begin implementing a 25% tariff on Mexico and Canada and a 10% tariff on China on Saturday, Bloomberg reported Friday, citing White House Press Secretary Karoline Leavitt.

In corporate news, CBL & Associates Properties ( CBL ) shares rose 3.8% on Friday after the company completed the sale of Monroeville Mall and Annex in Monroeville, Pennsylvania, for $34 million in cash.