01:42 PM EDT, 06/07/2024 (MT Newswires) -- Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index adding 0.2% and the Financial Select Sector SPDR Fund (XLF) ahead 0.8%.

The Philadelphia Housing Index was falling 1.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.6%.

Bitcoin (BTC-USD) was declining 1.1% to $70,346, and the yield for 10-year US Treasuries jumped 14.1 basis points to 4.42%.

In economic news, the May employment report showed nonfarm payrolls rose by 272,000, above the 180,000 jobs increase expected in a survey compiled by Bloomberg.

In corporate news, Bakkt ( BKKT/WS ) is mulling a potential sale amid a spike in crypto-related takeover activity, Bloomberg reported. Its shares spiked 2.1%.

LM Funding America (LMFA) shares surged 22% after it said Friday it has entered into a collaboration with Arthur Mining to support the development of a new hosting site near Oklahoma City.

Blue Owl (OWL) shares were down 0.2% as it said Friday it completed its acquisition of Prima Capital Advisors.