01:44 PM EDT, 04/11/2025 (MT Newswires) -- Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 1% and the Financial Select Sector SPDR Fund (XLF) up 2.2%.

The Philadelphia Housing Index was up 0.6%, and the Real Estate Select Sector SPDR Fund (XLRE) added 0.9%.

Bitcoin (BTC-USD) climbed 5.9% to $83,777, and the yield for 10-year US Treasuries was rising to 4.45%.

In economic news, the US Producer Price Index fell 0.4% in March following a 0.1% gain in February, versus a 0.2% increase expected in a survey compiled by Bloomberg. After excluding food and energy prices, core PPI declined 0.1%, in contrast with the 0.3% gain expected and following a 0.1% gain in the previous month. PPI was up 2.7% year-over-year in March, while core PPI rose by 3.3% year-over-year, slower than their respective 3.2% and 3.5% February rates.

China said Friday it raised import levies on the US to 125% from 84%, retaliating against President Donald Trump's decision to jack up tariffs on the Asian powerhouse.

In corporate news, JPMorgan Chase ( JPM ) reported better-than-expected Q1 results Friday amid double-digit gains in investment banking fees, while Chief Executive Jamie Dimon said the economy is facing "considerable turbulence" due to tariffs and trade volatility. Its shares rose 3.4% recently.