03:44 PM EDT, 08/15/2025 (MT Newswires) -- Financial stocks declined in late Friday afternoon trading, with the NYSE Financial Index decreasing 0.6% and the Financial Select Sector SPDR Fund (XLF) shedding 0.9%.

The Philadelphia Housing Index was fractionally lower, with the Real Estate Select Sector SPDR Fund (XLRE) added 0.6%.

Bitcoin (BTC-USD) was decreasing 0.9% to $117,275, and the yield for 10-year US Treasuries gained 3.5 basis points to nearly 4.33%.

In economic news, US retail sales rose 0.5% in July sequentially following an upwardly revised 0.9% rise in June, according to the Census Bureau. The consensus compiled by Bloomberg called for a 0.6% gain.

The University of Michigan's preliminary consumer sentiment index fell to 58.6 in August from 61.7 in July, surprising analysts anticipating an increase to 62, according to a Bloomberg survey.

In corporate news, Citigroup ( C ) is considering options to provide stablecoin custody and other services, Reuters reported, quoting Biswarup Chatterjee, global head of partnerships and innovation for Citi's services division. Separately, the bank has been pitching to investors a potential deal to help Ukraine fund its reconstruction, Bloomberg reported. Citi shares were down 1.4%.