01:51 PM EDT, 08/30/2024 (MT Newswires) -- Financial stocks edged higher in Friday afternoon trading with the NYSE Financial Index advancing marginally and the Financial Select Sector SPDR Fund (XLF) up 0.1%.

The Philadelphia Housing Index shed 0.3%, and the Real Estate Select Sector SPDR Fund (XLRE) was 0.1% up.

Bitcoin (BTC-USD) declined 1.5% to $58,461, and the yield for 10-year US Treasuries rose 4.7 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, 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 eased 0.1% and Scotiabank rose 0.7%.

UP Fintech ( TIGR ) shares tumbled 7.1% after the company reported Q2 adjusted earnings Friday of $0.03 per diluted American depositary share, down from $0.10 a year earlier.

99 Acquisition ( NNAG ) shares added 0.3% after it said Friday that its planned business combination agreement with Nava Health MD has been terminated.