03:42 PM EST, 03/08/2024 (MT Newswires) -- Financial stocks rose in late Friday afternoon trading with the NYSE Financial Index adding 0.5% and the Financial Select Sector SPDR Fund (XLF) up 0.3%.

The Philadelphia Housing Index fell 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 1.2%.

Bitcoin (BTC-USD) climbed 3.7% to $69,444, and the yield for 10-year US Treasuries was little changed at 4.09%.

In economic news, nonfarm payrolls rose by 275,000 last month, the Bureau of Labor Statistics reported. The consensus was for a 200,000 gain in a survey compiled by Bloomberg.

In corporate news, UBS (UBS) shares gained past 3% after Morgan Stanley upgraded the company to overweight from equalweight.

HCI Group ( HCI ) shares surged more than 14%, a day after it reported Q4 results that topped estimates by analysts.

Applied Digital ( APLD ) shares jumped almost 10% after the company extended the negotiation period on the conditional agreement on datacenter capacity at its Ellendale, North Dakota, campus with an anchor tenant until March 30.

KKR's (KKR) Accell Group lenders have selected advisers to assess options for the bicycle manufacturer amid struggles spurred by waning demand and operational hurdles, Bloomberg reported Friday. KKR shares rose 0.7%.