03:41 PM EDT, 08/30/2024 (MT Newswires) -- Financial stocks were rising in late Friday afternoon trading, with the NYSE Financial Index rising 0.5% and the Financial Select Sector SPDR Fund (XLF) adding 0.6%.

The Philadelphia Housing Index rose 0.6%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.8%.

Bitcoin (BTC-USD) shed 1.1% to $58,838, and the yield for 10-year US Treasuries rose 4 basis points to 3.91%.

In economic news, the personal consumption expenditures price index increased as expected by 0.2% in July, following a 0.1% gain in June. The year-over-year rate was unchanged from the 2.5% increase in the previous month. The core PCE price index increased 0.2% for the second month in a row, matching forecasts. The year-over-year rate remained at 2.6% for the third straight month.

The Institute for Supply Management's Chicago PMI reading rose to 46.1 in August from 45.3 in July, compared with the expected 44.8 print in a survey compiled by Bloomberg.

The University of Michigan consumer sentiment index was revised upward to 67.9 for August from 67.8 in the preliminary estimate, compared with expectations for 68.1 in a survey compiled by Bloomberg.

In corporate news, Banco Macro ( BMA ) shares jumped 5.1% as JP Morgan upgraded the company's stock to neutral from underweight.

KeyCorp ( KEY ) said an initial purchase of its shares was completed by Bank of Nova Scotia ( BNS ) with an investment of about $800 million, boosting the Toronto-based bank's stake to 4.9%. KeyCorp ( KEY ) shares rose 0.5% and Scotiabank gained 1.3%.

UP Fintech ( TIGR ) shares tumbled 6.2% after the company reported Q2 adjusted earnings Friday of $0.03 per diluted American depositary share, down from $0.10 a year earlier.

The Office of the Comptroller of the Currency has found that major banks still have work to do in their climate risk management efforts, Reuters reported Friday.