03:32 PM EDT, 05/30/2025 (MT Newswires) -- Financial stocks rose in late Friday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both up 0.2%.

The Philadelphia Housing Index shed 0.3%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.1%.

Bitcoin (BTC-USD) fell 0.7% to $104,860, and the yield for 10-year US Treasuries eased 1.2 basis points to 4.412%.

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

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 in line 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, HSBC ( HSBC ) is closing a division that serves small and midsize firms in the US, The Wall Street Journal reported. HSBC ( HSBC ) shares rose 0.2%.