Financial stocks rose in late Friday afternoon trading with the NYSE Financial Index up 0.8% and the Financial Select Sector SPDR Fund (XLF) climbing 1.1%.

The Philadelphia Housing Index shed 0.4%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.3%.

Bitcoin (BTC-USD) eased 0.9% to $84,014, and the yield for 10-year US Treasuries dropped 5 basis points to 4.23%.

In economic news, the personal consumption price index rose by 0.3% in January, as expected, slowing the year-over-year rate to 2.5% from 2.6%. The core PCE price index increased by 0.3%, also matching expectations, while the year-over-year rate slowed to 2.6% from 2.9% in the prior month.

The Institute for Supply Management's Chicago PMI reading rose to 45.5 in February from 39.5 in January, above the expected 40.8 print in a survey compiled by Bloomberg.

In regulatory news, the Trump-appointed leadership at the Consumer Financial Protection Bureau plans to fire almost all of its 1,700 workers and "wind down" the agency, according to testimony of current and former employees.

In corporate news, Bank7 (BSVN) shares rose 1.4%. The company acquired First American Mortgage, a residential mortgage lending services provider. The price wasn't disclosed.

Citigroup (C) mistakenly credited $81 trillion, instead of $280, to a client's account in April 2024 due to an input error and interface issues with the backup system, the Financial Times reported. Citi shares were flat.

BlackRock (BLK) plans to add its iShares Bitcoin Trust ETF to its model portfolios for the first time in a move that could create new demand for the exchange-traded fund, Bloomberg reported. BlackRock shares rose 2.1%.

Voya Financial (VOYA) is positioned to "meaningfully rebound" from 2024 as strategic initiatives take hold, setting up an "attractive growth profile in 2026 and beyond," Morgan Stanley said. Voya shares advanced 2.3%.