03:40 PM EST, 01/03/2025 (MT Newswires) -- Financial stocks advanced in late Friday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each adding 0.7%.

The Philadelphia Housing Index and the Real Estate Select Sector SPDR Fund (XLRE) gained 1.4% each.

Bitcoin (BTC-USD) rose 1% to $98,697, and the yield for 10-year US Treasuries rose 2.5 basis points to 4.60%.

In economic news, the Institute for Supply Management's US manufacturing index rose to 49.3 in December from 48.4 in November, compared with expectations for a 48.2 reading in a survey compiled by Bloomberg.

In corporate news, Brookfield Asset Management ( BAM ) delayed the sale of its Citypoint tower in London after bids failed to meet expectations, forcing the company to extend debt repayments, Reuters reported. Brookfield shares were rising 0.7%.

PayPal ( PYPL ) is facing a federal lawsuit filed by Andav Capital and its Chief Executive Nisha Desai seeking to bar the company from knowing or considering race or ethnicity in any way for its investment program. PayPal ( PYPL ) shares were adding 1.6%.

BlackRock's ( BLK ) iShares Bitcoin Trust ETF (IBIT) recorded a net outflow of $333 million on Thursday, a record since the launch, Bloomberg reported. BlackRock ( BLK ) shares were up 0.1%.

Lazard ( LAZ ) was retained by Canyon Bridge Capital Partners to oversee the sale of UK-based chip designer Imagination Technologies, Bloomberg reported. Lazard ( LAZ ) shares were falling 2.2%.