Financial stocks were edging up in Friday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each fractionally higher.

The Philadelphia Housing Index was slightly lower, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.4%.

Bitcoin (BTC-USD) was falling 3% to $62,832, and the yield for 10-year US Treasuries climbed 7.4 basis points to 4.737%.

In corporate news, Apollo Global Management (APO) and KKR (KKR) are facing increased scrutiny from US insurance regulators over fast-growing multi-asset securitization structures that officials say could pose transparency and "circular ownership" risks, the Financial Times reported. Apollo shares were up 3.3%, and KKR was shedding 0.3%.