03:30 PM EST, 11/22/2024 (MT Newswires) -- Financial stocks advanced in late Friday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each rising 0.9%.

The Philadelphia Housing Index climbed 1.4%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.8%.

Bitcoin (BTC-USD) added 0.9% to $99,244, and the yield for 10-year US Treasuries shed 2 basis points to 4.41%.

In economic news, the November flash reading of manufacturing conditions from S&P Global increased to a four-month high of 48.8 from 48.5 in October, slightly lower than an expected reading of 48.9 in a survey compiled by Bloomberg.

The University of Michigan consumer sentiment index was revised downward to 71.8 for November from 73 in the preliminary estimate, compared with expectations for an upward revision to 73.9 in a survey compiled by Bloomberg.

In corporate news, Ally Financial ( ALLY ) is weighing a sale of its credit card business, Bloomberg reported. Its shares rose 1.8%.

Mercurity Fintech ( MFH ) shares surged 21%. The company said Friday its Chaince Securities unit has obtained approval from the Financial Industry Regulatory Authority for the change in ownership of licensed broker-dealer J.V. Delaney & Associates.

Citigroup ( C ) has been approved to establish regional headquarters in Riyadh, Saudi Arabia, Bloomberg reported. Its shares added 1.2%.

StoneCo ( STNE ) shares jumped 11%, a day after the company's board authorized the repurchase of up to 2 billion Brazilian reais ($343.9 million) in class A shares.