01:32 PM EDT, 06/13/2025 (MT Newswires) -- Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index falling 1.3% and the Financial Select Sector SPDR Fund (XLF) dropping 1.6%.

The Philadelphia Housing Index was down 1.6%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.9%.

Bitcoin (BTC-USD) was declining 2.8% to $105,191, and the yield for 10-year US Treasuries was rising nearly 8 basis points to 4.43%.

In economic news, oil prices jumped Friday after Israel targeted Iran's nuclear facilities in a series of airstrikes, with ING Bank saying that an escalation could push prices above $80 a barrel.

The University of Michigan's preliminary consumer sentiment index rose to 60.5 in June from 52.2 in May, compared with expectations for a smaller rise to 53.6 in a Bloomberg survey.

In corporate news, Visa (V) and Mastercard ( MA ) shares were down 5% and 4.7%, respectively, after some companies were reported to be considering launching their own stablecoins in the US. Walmart (WMT), Amazon (AMZN), Expedia (EXPE), and several major airlines have been weighing plans to launch stablecoins, The Wall Street Journal reported.