01:32 PM EDT, 05/30/2025 (MT Newswires) -- Financial stocks were decreasing in Friday afternoon trading, with the NYSE Financial Index down 0.3% and the Financial Select Sector SPDR Fund (XLF) off 0.5%.

The Philadelphia Housing Index was shedding 0.8%, and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.4%.

Bitcoin (BTC-USD) was declining 1.6% to $104,000, and the yield for 10-year US Treasuries shed 2 basis points to 4.40%.

In economic news, President Donald Trump has alleged that China has breached a preliminary trade agreement brokered by US Treasury Secretary Scott Bessent in Switzerland.

The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, rose by 0.1%, as expected after a flat reading in March, trimming the year-over-year rate to 2.1% from 2.3%. The core PCE price index, which excludes food and energy prices, increased by 0.1%, also inline with expectations and following a 0.1% gain in March. The year-over-year rate slowed to 2.5% from 2.7% in the previous month.

In corporate news, Brookfield Asset Management ( BAM ) is looking to raise about $3 billion in debt to finance the acquisition of Colonial Enterprises, Bloomberg reported. Brookfield shares eased 0.3%.