03:31 PM EST, 02/07/2025 (MT Newswires) -- Financial stocks were declining in late Friday afternoon trading, with the NYSE Financial Index down 0.6% and the Financial Select Sector SPDR Fund (XLF) shedding 0.5%.

The Philadelphia Housing Index was falling 3%, and the Real Estate Select Sector SPDR Fund (XLRE) was off 0.4%.

Bitcoin (BTC-USD) eased 0.2% to $96,352, and the yield for 10-year US Treasuries was rising 5 basis points to 4.49%.

In economic news, President Donald Trump plans to disclose "reciprocal" tariffs next week and will hold a press conference on the matter, he told reporters at the Oval Office, media outlets reported Friday. The move will reportedly be a major escalation in his trade war with US partners, Bloomberg reported.

Total nonfarm payrolls rose by 143,000 in January, the Bureau of Labor Statistics reported Friday. The consensus was 175,000, according to a survey compiled by Bloomberg.

The University of Michigan's preliminary consumer sentiment index fell to 67.8 in February from 71.1 in January, below expectations for an increase to 71.8 in a survey compiled by Bloomberg.

In corporate news, Bank of America ( BAC ) has agreed to buy a $9 billion portfolio of residential mortgage loans from Toronto-Dominion Bank ( MLWIQXX ) , Bloomberg reported. Bank of America ( BAC ) shares were down 0.5% and Toronto-Dominion shed 0.3%.