03:26 PM EDT, 10/10/2025 (MT Newswires) -- Financial stocks were falling in late Friday afternoon trading, with the NYSE Financial Index down 1.4% and the Financial Select Sector SPDR Fund (XLF) dropping 1.7%.

The Philadelphia Housing Index shed 0.8%, and the Real Estate Select Sector SPDR Fund (XLRE) was decreasing 1.1%.

Bitcoin (BTC-USD) was declining 3.8% to $117,121, and the yield for 10-year US Treasuries dropped 9.7 basis points to 4.05%.

In economic news, President Donald Trump warned of a "massive" increase in tariffs on China, the world's second-largest economy. "One of the policies that we are calculating at this moment is a massive increase of tariffs on Chinese products coming into the United States of America," Trump said in a Truth Social post Friday.

In corporate news, Comerica ( CMA ) shares fell 4% after Keefe Bruyette & Woods downgraded the stock to market perform from outperform while raising its price target to $93 from $73.