01:33 PM EDT, 06/27/2025 (MT Newswires) -- Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 0.8% and the Financial Select Sector SPDR Fund (XLF) up 0.6%.

The Philadelphia Housing Index was climbing 1.2%, and the Real Estate Select Sector SPDR Fund (XLRE) added 1%.

Bitcoin (BTC-USD) was shedding 0.1% to $107,295, and the yield for 10-year US Treasuries was 1.1 basis points lower at 4.24%.

In economic news, Trump told reporters Thursday that the US and China have formally signed a trade agreement, without giving additional details, according to media reports. A spokesperson for the Chinese Ministry of Commerce confirmed Friday that the two countries have reached a consensus over a trade framework to allow rare earth exports and easing of certain restrictive measures.

The personal consumption expenditures, or PCE, price index rose by 0.1% in May, as expected in a Bloomberg-compiled poll, lifting the year-over-year rate to 2.3% from 2.2%, the Bureau of Economic Analysis said Friday.

In corporate news, HSBC ( HSBC ) shares were up 0.7% after the bank said its HSBC Continental Europe unit has agreed to sell its custody business in Germany to BNP Paribas.