03:45 PM EST, 01/10/2025 (MT Newswires) -- Financial stocks fell in late Friday afternoon trading with the NYSE Financial Index dropping 2.4% and the Financial Select Sector SPDR Fund (XLF) slipping 2.5%.

The Philadelphia Housing Index declined 2.2%, and the Real Estate Select Sector SPDR Fund (XLRE) retreated 2.4%.

Bitcoin (BTC-USD) rose 2.7% to $95,030, and the yield for 10-year US Treasuries jumped 8.8 basis points to 4.776%.

In economic news, the December employment report showed nonfarm payrolls rose by 256,000, above the 165,000 jobs increase expected in a survey compiled by Bloomberg.

The University of Michigan's preliminary consumer sentiment index slipped to 73.2 in January from 74.0 in December, compared with expectations for no change in a survey compiled by Bloomberg.

In corporate news, JPMorgan Chase ( JPM ) asked most of its employees on a hybrid work schedule to return to the office five days a week, starting in March, according to an internal memo seen by MT Newswires. JPMorgan ( JPM ) shares fell 1.3%.

Mercury General ( MCY ) issued a preliminary assessment of the Southern California wildfires, anticipating losses to surpass its $150 million reinsurance retention level as evaluations continue. The stock slumped 22%.

Jefferies Financial's ( JEF ) fiscal Q4 results rose on gains across investment banking and asset management divisions. The stock still fell 11%.

Bank of America ( BAC ) is likely to raise its bonus pool for investment bankers by an average of 10% for 2024, Reuters reported. The shares declined 2.4%.