Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each rising about 1%.

The Philadelphia Housing Index was climbing 1.3%, and the Real Estate Select Sector SPDR Fund (XLRE) added 1%.

Bitcoin (BTC-USD) was increasing 0.8% to $110,035, and the yield for 10-year US Treasuries was rising 2 basis points to 4.19%.

In economic news, US personal income gained 0.4% in August while personal consumption expenditures rose 0.6%, both above forecasts, according to Bureau of Economic Analysis data. The PCE price index increased 0.3% month over month, as expected in a survey conducted by Bloomberg, and rose 2.7% from a year earlier. The core measure was up 0.2% month over month, as expected, and was steady at 2.9% annually.

In corporate news, Apollo Global Management (APO) is in talks to buy a 50% stake in Orsted's 8.5 billion pound ($11.34 billion) Hornsea 3 offshore wind farm located off the UK's east coast, the Financial Times reported. Apollo shares rose 2%.

Enigmatig (EGG) shares jumped 5.2% after it said Friday it signed a memorandum of understanding with TVA Capital to help Asia-Pacific corporates and small and medium-sized enterprises deliver sustainable and long-term growth.

Tiptree (TIPT) and Warburg Pincus have agreed to sell 100% of US specialty insurer Fortegra to South Korea's DB Insurance for about $1.65 billion in cash, the companies said late Thursday. Tiptree shares fell 5.8%.