03:26 PM EST, 02/28/2025 (MT Newswires) -- Financial stocks rose in late Friday afternoon trading with the NYSE Financial Index up 0.8% and the Financial Select Sector SPDR Fund (XLF) climbing 1.1%.

The Philadelphia Housing Index shed 0.4%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.3%.

Bitcoin (BTC-USD) eased 0.9% to $84,014, and the yield for 10-year US Treasuries dropped 5 basis points to 4.23%.

In economic news, the personal consumption price index rose by 0.3% in January, as expected, slowing the year-over-year rate to 2.5% from 2.6%. The core PCE price index increased by 0.3%, also matching expectations, while the year-over-year rate slowed to 2.6% from 2.9% in the prior month.

The Institute for Supply Management's Chicago PMI reading rose to 45.5 in February from 39.5 in January, above the expected 40.8 print in a survey compiled by Bloomberg.

In regulatory news, the Trump-appointed leadership at the Consumer Financial Protection Bureau plans to fire almost all of its 1,700 workers and "wind down" the agency, according to testimony of current and former employees.

In corporate news, Bank7 ( BSVN ) fell 0.2%, erasing earlier gains. The company acquired First American Mortgage, a residential mortgage lending services provider. The price wasn't disclosed.