03:49 PM EDT, 11/01/2024 (MT Newswires) -- Financial stocks rose in late Friday afternoon trading with the NYSE Financial Index up 0.3% and the Financial Select Sector SPDR Fund (XLF) climbing 0.5%.

The Philadelphia Housing Index eased 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) declined 0.8%.

Bitcoin (BTC-USD) dropped 1.8% to $69,050, and the yield for 10-year US Treasuries rose 9.4 basis points to 4.382%.

In economic news, the Bureau of Labor Statistics reported nonfarm payrolls climbed 12,000 in October. The consensus was for a 100,000 increase in a survey compiled by Bloomberg.

In corporate news, Apollo Global Management ( APO )-backed (APO) Autodoc selected banks for a potential initial public offering and listing on the Frankfurt stock exchange, Bloomberg reported. Apollo shares fell 1.3%.

Pathward Financial ( CASH ) said Friday its Pathward NA subsidiary closed the sale of its commercial insurance premium finance business to Honor Capital. Pathward also boosted guidance for fiscal 2025 GAAP earnings to a range of $7.25 to $7.75 per diluted share from $7.10 to $7.60. Pathward shares rose 0.3%.

Mid Penn Bancorp ( MPB ) agreed to buy William Penn Bancorporation (WMPN) for $127 million in stock. Mid Penn shares dropped 3.5%, and William Penn shares fell 3.1%.

Simon Property Group ( SPG ) shares dropped 0.8% after the company reported Q3 funds from operations fell to $2.84 per diluted share from $3.20 a year earlier. Analysts polled by Capital IQ expected $3.03.