03:48 PM EDT, 06/27/2025 (MT Newswires) -- Financial stocks rose in late Friday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both up 0.1%.

The Philadelphia Housing Index added 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) increased 0.3%.

Bitcoin (BTC-USD) eased 0.1% to $106,906, and the yield for 10-year US Treasuries rose 3 basis points to 4.28%.

In economic news, President Donald Trump said on Truth Social that the US is terminating trade talks with Canada in response to that country's new digital services tax on American tech companies. "We will let Canada know the tariff that they will be paying to do business with the United States of America within the next seven-day period," Trump said.

The personal consumption expenditures price index rose 0.1% in May, as expected in a Bloomberg poll, lifting the year-over-year rate to 2.3% from 2.2%, the Bureau of Economic Analysis said.

The University of Michigan consumer sentiment index was revised upward to a reading of 60.7 for June from 60.5 in the preliminary estimate, compared with expectations for no revision in a survey compiled by Bloomberg.

In corporate news, Affiliated Managers ( AMG ) shares rose 2.5% after Goldman Sachs upgraded the stock to buy with a $218 price target.

HSBC ( HSBC ) said its HSBC Continental Europe unit agreed to sell its custody business in Germany to BNP Paribas. HSBC ( HSBC ) shares rose 0.4%.

Banco Santander (SAN) and Barclays ( BCS ) are the final bidders for Banco Sabadell's UK unit TSB, Bloomberg reported. Santander shares rose 1.8%, and Barclays ( BCS ) added 1.4%.

B. Riley Financial ( RILY ) shares sold its GlassRatner Advisory & Capital Group and B. Riley Farber Advisory units to funds managed by TorQuest Partners for $117.8 million. B. Riley shares dropped 0.5%.