01:21 PM EDT, 07/11/2025 (MT Newswires) -- Financial stocks were decreasing in Friday afternoon trading, with the NYSE Financial Index shedding 0.9% and the Financial Select Sector SPDR Fund (XLF) down 1%.

The Philadelphia Housing Index was falling 1.1%, and the Real Estate Select Sector SPDR Fund (XLRE) was easing 0.3%.

Bitcoin (BTC-USD) was increasing 3.7% to $117,510, and the yield for 10-year US Treasuries climbed 6.9 basis points to 4.42%.

In economic news, President Donald Trump announced tariffs on Canada and threatened to impose blanket duties on most other trading partners. In a letter sent to Canada on Thursday, Trump said the US will impose 35% tariffs on Canadian imports, effective Aug. 1, separate from all sectoral tariffs. The rate will go up if Canada retaliates, the letter said. In an interview with NBC News on Thursday, Trump said he plans to impose blanket tariffs of 15% or 20% on most trade partners.

In corporate news, Goldman Sachs ( GS ) and BBVA (BBVA) are among banks offering 500 million euros ($584.63 million) in debt to facilitate Warburg Pincus' acquisition of a majority stake in Uvex, Bloomberg reported. Goldman shares were down 0.8% and BBVA fell 3.1%.