03:14 PM EDT, 03/14/2025 (MT Newswires) -- Financial stocks rose in late Friday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each rising 2.3%.

The Philadelphia Housing Index was climbing 1.8%, and the Real Estate Select Sector SPDR Fund (XLRE) was 1.7% higher.

Bitcoin (BTC-USD) added 4.6% to $84,829, and the yield for 10-year US Treasuries rose 4 basis points to 4.31%.

In economic news, the University of Michigan's preliminary consumer sentiment index slid to 57.9 in March from 64.7 in February, compared with expectations for a smaller fall to 63.0 in a survey compiled by Bloomberg.

In other news, gold prices climbed past $3,000 for the first time on Friday as trade tensions and expectations of further US rate cuts boosted the safe-haven asset's appeal.

In corporate news, Goldman Sachs ( GS ) paid four of its top executives $126.5 million in total compensation in 2024, according to a proxy statement filed Friday. The Financial Times reported earlier that the total compensation reflects a 30% increase in 2024 from $97 million a year earlier. Goldman shares were rising 3.3%.