01:49 PM EST, 01/03/2025 (MT Newswires) -- Financial stocks advanced in Friday afternoon trading with the NYSE Financial Index gaining 0.6% and the Financial Select Sector SPDR Fund (XLF) up 0.5%.

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

Bitcoin (BTC-USD) rose 1.5% to $98,361, and the yield for 10-year US Treasuries was little changed at 4.58%.

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, BlackRock's ( BLK ) iShares Bitcoin Trust ETF (IBIT) recorded a net outflow of $333 million on Thursday, a record since the launch, Bloomberg reported Friday. BlackRock ( BLK ) shares eased 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 fell 3.8%.

JPMorgan Chase ( JPM ) is considering withdrawing from the Net-Zero Banking Alliance after Morgan Stanley ( MS ) , Citi (C), and Bank of America (BAC) withdrew from the United Nations-backed climate coalition this week, The Wall Street Journal reported Thursday. JPMorgan ( JPM ) shares rose 0.6%.