Financial stocks were falling in Friday afternoon trading, with the NYSE Financial Index fractionally lower and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.1%.
The Philadelphia Housing Index was down 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was easing 0.2%.
Bitcoin (BTC-USD) was falling 2.3% to $90,433, and the yield for 10-year US Treasuries rose 5 basis points to 4.19%.
In corporate news, Coinbase (COIN) is expected to launch prediction markets and tokenized equities next week, Bloomberg reported. The cryptocurrency exchange will announce the products at a showcase on Wednesday, with the tokenized stocks to be launched in-house rather than via partners, the report said. Coinbase shares were up 0.7%.
Nasdaq (NDAQ) has proposed a rule change that would allow it to deny initial listing to companies even if the applicant meets all listing requirements based on the potential for manipulative trading by third parties, according to a regulatory filing. The company's shares were fractionally higher.
Circle Internet (CRCL) said Friday it has received conditional approval from the US Office of the Comptroller of the Currency to establish a national trust bank called First National Digital Currency Bank. Circle Internet shares were down 5.4%.
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