03:47 PM EDT, 09/27/2024 (MT Newswires) -- Financial stocks rose in late Friday afternoon trading with the NYSE Financial Index increasing 0.2% and the Financial Select Sector SPDR Fund (XLF) adding 0.4%.

The Philadelphia Housing Index gained 1%, and the Real Estate Select Sector SPDR Fund (XLRE) climbed 0.3%.

Bitcoin (BTC-USD) increased 1% to $65,786, and the yield for 10-year US Treasuries fell 4 basis points to 3.75%.

In economic news, the personal consumption expenditures price index rose 0.1% in August, right on expectations, slowing the year-over-year rate to 2.2% from 2.5% in July. The core PCE, which excludes volatile food and energy prices, also increased 0.1%, below the 0.2% increase expected and following a 0.2% gain in July.

The University of Michigan consumer sentiment index was revised upward to 70.1 for September from 69 in the preliminary estimate, compared with expectations for 69.4 in a survey compiled by Bloomberg.

In corporate news, UBS (UBS) is in talks to form a joint venture with 360 One WAM to expand its Indian wealth management services, Reuters reported Friday. UBS shares rose 0.3%.

Carlyle-backed (CG) StandardAero plans to raise up to $1.38 billion in an upsized initial public offering, the company said in a regulatory filing. Carlyle shares added 1.8%.

Qifu Technology ( QFIN ) said Friday a recent report by short-seller Grizzly Research contained "inaccurate information, flawed analyses, misleading conclusions and interpretations" of information about the company. Qifu ( QFIN ) shares jumped 6.5%.

Envestnet ( ENV ) faces a jury trial in a $100 million lawsuit filed by FinancialApps alleging the wealth management company misappropriated trade secrets, Kasowitz Benson Torres, counsel for the financial platform provider, said Friday in a statement. Envestnet ( ENV ) shares were marginally higher.