01:57 PM EDT, 05/24/2024 (MT Newswires) -- Financial stocks advanced in Friday afternoon trading with the NYSE Financial Index rising 0.7% and the Financial Select Sector SPDR Fund (XLF) up 0.5%.

The Philadelphia Housing Index climbed 1.3%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.1%.

Bitcoin (BTC-USD) rose 0.9% to $68,533, and the yield for 10-year US Treasuries eased 1 basis point to 4.465%.

In economic news, the University of Michigan consumer sentiment index was revised upward to 69.1 for May from the preliminary estimate of 67.4, compared with expectations for a smaller upward revision to 67.7 in a survey compiled by Bloomberg.

New orders for US durable goods rose 0.7% in April following a downwardly revised gain of 0.8%, compared with expectations for a 0.8% decrease in a survey compiled by Bloomberg.

In other news, Kristin Johnson, a Democratic commissioner at the Commodity Futures Trading Commission, is a leading candidate to replace Martin Gruenberg as the chair of the Federal Deposit Insurance Corp., Bloomberg reported.

In corporate news, Capital One Financial ( COF ) and Walmart ( WMT ) ended their card partnership for Capital One to be the exclusive issuer of Walmart ( WMT ) consumer credit cards. Capital One shares rose 0.4% and Walmart ( WMT ) was up 0.7%.

KKR (KKR) is set to gain unconditional EU antitrust approval to buy Telecom Italia's fixed-line network for 22 billion euros ($23.85 billion) once it agrees to keep existing commercial contracts with Telecom Italia competitors, Reuters reported. KKR shares rose 2.9%.

Marathon Digital ( MARA ) shares jumped 6.3%. The company signed a collaboration agreement with Kenya's government to establish a framework to use green data centers to optimize renewable energy projects and improve technological infrastructure in the country.