01:37 PM EDT, 03/28/2025 (MT Newswires) -- Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index shedding 2% and the Financial Select Sector SPDR Fund (XLF) dropping 2.3%.

The Philadelphia Housing Index was retreating 2.7%, and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.3%.

Bitcoin (BTC-USD) was declining 3.6% to $83,719, and the yield for 10-year US Treasuries was dropping 11.2 basis points to 4.26%.

In economic news, February's core personal consumption expenditures price index, which excludes food and energy, accelerated to 2.8%, the Bureau of Economic Analysis said on Friday. The growth was higher than the previous month's 2.7% increase, which is the Bloomberg consensus for February.

The University of Michigan consumer sentiment index was revised lower to 57 for March from 57.9 in the preliminary estimate, compared with expectations for no revision in a survey compiled by Bloomberg.

In corporate news, KKR (KKR) and a Japan Investment unit teamed up to invest in Japan's Topcon as part of a management buyout that will see the optical and medical equipment maker become a private company, the companies said in a joint statement Friday. KKR shares were falling 3%.