01:57 PM EDT, 06/06/2025 (MT Newswires) -- Financial stocks increased in Friday afternoon trading, with the NYSE Financial Index up 0.8% and the Financial Select Sector SPDR Fund (XLF) adding 0.9%.

The Philadelphia Housing Index fell 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) was little changed.

Bitcoin (BTC-USD) increased 1.4% to $104,689, and the yield for 10-year US Treasuries rose 9.9 basis points to 4.49%.

In economic news, total nonfarm payrolls rose by 139,000 in May, the Bureau of Labor Statistics said, above the consensus forecast of 126,000 in a survey conducted by Bloomberg.

In corporate news, UBS (UBS) said Friday it "strongly disagrees" with a regulatory proposal by the Swiss Federal Council under which it may need up to $26 billion in additional capital under proposed Swiss financial reforms. UBS shares rose 2.1%.

BlackRock ( BLK ) shares were up 0.3%. The company is planning to reduce about 300 roles in its second round of job cuts, Bloomberg reported late Thursday.

Deutsche Bank ( DB ) is exploring stablecoins and tokenized deposits to expand into digital assets, Bloomberg reported, citing Sabih Behzad, the head of digital assets and currencies transformation. The bank's stock increased 0.3%.