03:44 PM EDT, 06/06/2025 (MT Newswires) -- Financial stocks increased in late Friday afternoon trading, with the NYSE Financial Index up 1.1% and the Financial Select Sector SPDR Fund (XLF) adding 1.3%.

The Philadelphia Housing Index shed 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.4%.

Bitcoin (BTC-USD) increased 2.9% to $104,467, and the yield for 10-year US Treasuries rose nearly 12 basis points to 4.51%.

In economic news, total nonfarm payrolls rose by 139,000 in May, the Bureau of Labor Statistics said, above the consensus forecast of 126,000 in a survey conducted by Bloomberg.

US consumer credit use rose by $17.9 billion in April, compared with a $10 billion increase expected in a survey compiled by Bloomberg.

In corporate news, Abacus Global Management ( ABL ) shares jumped past 7% after it said Friday that its board authorized a $20 million share buyback program.

UBS (UBS) said Friday it "strongly disagrees" with a regulatory proposal by the Swiss Federal Council under which it may need up to $26 billion in additional capital under proposed Swiss financial reforms. UBS shares rose 2.2%.

BlackRock ( BLK ) shares were up 0.4%. The company is planning to reduce about 300 roles in its second round of job cuts, Bloomberg reported late Thursday.

Deutsche Bank ( DB ) is exploring stablecoins and tokenized deposits to expand into digital assets, Bloomberg reported, citing Sabih Behzad, the head of digital assets and currencies transformation. Deutsche shares added 0.5%.