03:47 PM EDT, 09/12/2025 (MT Newswires) -- Financial stocks fell in late Friday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each down about 0.3%.

The Philadelphia Housing Index dropped 2.1%, and the Real Estate Select Sector SPDR Fund (XLRE) eased 0.2%.

Bitcoin (BTC-USD) rose 1.8% to $116,472, and the yield for 10-year US Treasuries gained 5 basis points to 4.06%.

In economic news, the University of Michigan's preliminary consumer sentiment index declined to 55.4 in September from 58.2 in August, missing the estimate of 58 from a survey compiled by Bloomberg.

In corporate news, Blue Owl Capital (OWL) and Oak Hill Advisors are leading a group of private credit firms to provide $1.3 billion of debt to residential services company Wrench, Bloomberg reported. Blue Owl Capital was fractionally lower.

Blackstone (BX) is considering the sale of a Spanish rental portfolio, Bloomberg reported. The potential sale, covering roughly 1.2 billion euros ($1.4 billion) of homes, is being advised by Jones Lang LaSalle and Eastdil Secured. Blackstone shares fell 1.5%.

Ares Management ( ARES ) is planning a 1.5 billion euro ($1.76 billion) credit secondaries transaction of investor stakes, Bloomberg reported. Ares shares were shedding 0.7%.

Opendoor Technologies ( OPEN ) has to cut its headcount by as much as 85%, its co-founder and new chair Keith Rabois said in an interview with CNBC. Opendoor ( OPEN ) shares tumbled 12%.