03:52 PM EDT, 07/05/2024 (MT Newswires) -- Financial stocks eased in late Friday afternoon trading with the NYSE Financial Index shedding 0.3% and the Financial Select Sector SPDR Fund (XLF) down 0.1%.

The Philadelphia Housing Index dropped 0.7%, while the Real Estate Select Sector SPDR Fund (XLRE) rose 0.3%.

Bitcoin (BTC-USD) dropped 1% to $56,496, and the yield for 10-year US Treasuries dropped 8 basis points to 4.27%.

In economic news, the June employment report showed nonfarm payrolls rose by 206,000, above the 190,000 increase expected in a survey compiled by Bloomberg.

In corporate news, Carlyle (CG) is in advanced talks to buy Vantive from Baxter International (BAX) for over $4 billion, including debt, The Wall Street Journal reported. Carlyle shares fell 0.3%, and Baxter jumped 5.6%.

Banc of California ( BANC ) is selling $2 billion of business-purpose mortgage loans it acquired last year as part of the acquisition of PacWest Bancorp, Bloomberg reported. Banc of California ( BANC ) shares shed 1.4%.

JPMorgan Chase ( JPM ) unit Chase Bank is planning to pass on the costs of new rules capping overdraft and late fees to its customers should they become law in their current form, The Wall Street Journal reported. JPMorgan Chase ( JPM ) shares fell 1.2%.

AGBA (AGBA) shares dropped 4.6% after the company said it signed a second amended and restated standby equity purchase agreement last week with investment fund Yorkville and social media company Triller.